Newspapers trim work forces as advertising slows
NEW YORK (Reuters) - The summer of 2006 has brought a rash of notices of job buyouts and layoffs at U.S. newspapers, and experts say more nips and tucks will come as advertising dollars dry up and more readers cancel their subscriptions.

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The newspaper industry is girding for fundamental changes as new media, particularly the Internet, attract more readers and advertisers with the promise of free and fast news.

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Google Profits Soar
Internet search giant Google saw profits more than double in the second quarter of its financial year.
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We don’t know what to say about this, the level of mis-understanding in the Ad Agency area is amazing.. simpally amazing. Ad Agency and Marketing Agency types are still making print media ads, while the entire planet is shifting their dollars from Newspapers and print media as well as TV towards the Internet and in focus SEO and SEM.

This is a story of epic proportions, a total rellocation of assets… but most in the old media industry can’t see the writing on the wall.