The new paradigm, cont'd

MANIFESTO

What began as a trickle has now reached tsunami-like proportions.

The Tribune Company, the newspaper chain that owns The Chicago Tribune and The Los Angeles Times, is trying to negotiate new terms with its creditors and has hired advisers for a possible bankruptcy filing, according to people briefed on the matter.

And,

The McClatchy Co. has approached potential buyers to sell The Miami Herald, one of its most prestigious properties.

And even the Gray Lady herself isn't immune:

The New York Times Co. plans to borrow as much as $225 million against its Manhattan headquarters building in the latest signal that the credit crisis and diminishing advertising revenues are casting an ominous shadow over the newspaper industry.

I realize that I get 90% of my news from the Internets, but I didn't necessarily want to be representative of a coterie responsible for the demise of the tactile newspaper.