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Late Breaks Newspapers In A Swoon More

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by Jeff Bercovici
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Mar 28 2008 12:00am EDT

Late Breaks: Newspapers in a Swoon, more

-Newspaper print advertising revenue fell 9.1 percent last year. That's the biggest drop in more than 50 years. [E&P]

-Robert Frank doesn't believe the claims that luxury media won't be affected by a recession. "When you lose $20 million from your $100 million portfolio, you can still afford that new Bentley, but you're probably not in the mood to buy it." [Wealth Report]

-A Wisconsin girl died of complications from diabetes after her parents opted to forgo treatment in favor of prayer under the advice of a religious website. [JSOnline]

-Fox News is in danger of fading into irrelevance, claims Time's James Poniewozik. [Time]. □

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