Next Generation Unionism And The Future Of Newspapers Networking Entrepreneurship And Hybrid Ownership

The signs of crisis in the newspaper industry are all around. Headlines about plummeting stock prices, bankruptcy filings, widespread lay-offs and newspaper closings have become common place in the past two years. It is also not hard to find the immediate causes of the crisis. The explosion of the World Wide Web has dramatically changed the way most people get their news, undermining the newspaper business model in the process. While most newspapers have developed significant web-based readerships to offset declines in daily paper circulation, web-based sources of revenue have failed to make up for the dramatic decline in traditional retail and classified advertising revenue. Compounding this longer term structural weakness, the current recession is crippling advertisers and increasing the pace of job cuts. The result is a crisis from which many newspapers may not survive.