For most newspaper companies in the developed world, 2005 was miserable.

对于发达国家的大多数报纸公司，2005年是痛苦的一年。

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The partnership now includes 21 newspaper companies representing about 400 daily newspapers.

目前已有21家报业企业加入了这个联盟，它们代表了将近400份日报。

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Few newspaper companies like to hear this and they tend to ignore the research they have paid for.

在这些研究上花了钱，可还是没多少新闻公司听得进去这样的话，他们倾向于把这些话抛到脑后。

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But one difference this time is that many newspaper companies are heavily in debt from buying other newspapers.

VOA: special.2009.03.21

Newspaper companies like Hearst,he says, are experimenting with new business models to see what works.

VOA: special.2009.03.21

Industry profits are shrinking, and many newspaper companies have large debts from buying other papers.

VOA: special.2009.04.20

And the newspaper companies try to get paid for that by selling advertising alongside the stories.

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Newspaper companies are using less of the stuff, printing fewer words on smaller, thinner pages.

ECONOMIST: Newspapers

Three years ago most newspaper companies had launched successful Web sites and enjoyed operating margins approaching 30%.

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