The situation in the US newspaper industry has got so bad that analysts are now guessing which title will be the next to fold. An investment website, 24/7 Wall St, is running a piece entitled The 10 major newspapers that will fold or go digital next, which also features on Time magazine's website.
For the record, the supposedly doomed papers are:
1. The Philadelphia Daily News (tabloid selling 100,000 copies, owned by Philadelphia Newspapers, which recently filed for bankruptcy).
2. The Minneapolis Star Tribune (sales of 300,000, owner: Avista Capital Partners. Has filed for Chapter 11 protection from bankruptcy).
3. The Miami Herald (sales: 220,000, owned by McClatchy, but on the market since December without attracting serious bidders).
4. The Detroit News (sales: 200,000, owner: Media News Group).
5. The Boston Globe (sales: 350,000, owner: New York Times company, said to be losing $1m a week).
6. The San Francisco Chronicle (sales: 370,000, owner: Hearst Corporation, lost $70m last year).
7. The Chicago Sun-Times (sales: 312,000, owner: Sun-Times Media Group is trading at 3 cents a share).
8. The New York Daily News (sales: 630,000, owner: Mort Zuckerman, edited by my old friend and colleague Martin Dunn. Said to be losing many millions).
9. The Fort Worth Star-Telegram (sales: 200,000, owner: McClatchyi).
10. The Cleveland Plain Dealer (sales: 325,000, owner: Advance Publications, which means the Newhouse family).
