2006 was the year when the newspaper industry finally realized it was f’ed. Today’s news of the weak-kneed offers for Tribune Company are further evidence. And this is just the start. Radio has been headed in the same direction. I say that local TV station groups are next. Networks, cable MSOs, and advertising agencies may not follow the same downward path, but they are in for more upheaval than they know. Consider Tribune and Knight Ridder the cash cows in the coal mine.
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