Tribune isn’t the only media company in trouble and potentially up for sale in Connecticut.
The Journal Register Company announced today that it has filed Chapter 11 bankruptcy and is on the market.
This is a bad day for Connecticut media.
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What’s with the spate of news and Magazine Companies going under in the US at the moment?. Is it a failure to embrace and switch to electronic media behind the problems?
Paul
There have been many reasons — the migration of classified advertising and display advertising to the Internet elsewhere, for one; the weak economy in general; falling print circulation; excessive corporate profit-taking — but mainly the industry’s inability to monetize “general circulation” digital media.