Industry profits are shrinking, and many newspaper companies have large debts from buying other papers.
VOA: special.2009.04.20
Exactly what industry experts have been telling papers across the country to do.
FORBES: Magazine Article
Many industry analysts agree many more papers will soon become extinct.
CNN: Newspapers fold as readers defect and economy sours
Smith said, the industry had no say on how the papers were written and his tenure means he isn't personally dependent on such grants.
WSJ: Studios Struggle for Focus on Film Pirates' Booty
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