Sign up to The Irish Times Archive (1859 - 2008)My Account »

Mon 12 Dec 2008Owners' lust for debt threatens to permanently stop the presses

While falling advertising is hurting US newspapers like the 'Chicago Tribune' and the 'New York Times', the real problem is ill-timed purchases and staggering debt levels

IN DETROIT tomorrow, the city's two leading newspapers are set to announce that they will cease home delivery on all but the most lucrative days of the week - Thursday, Friday and Sunday.