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More at San Francisco Business Times: : “Moody's Investors Services on Thursday rated MediaNews Group Inc. -- owner of 29 newspapers in Northern California -- as being in “substantial risk” of default on its debt. Denver-based MediaNews owns the Oakland Tribune, the Contra Costa Times, the Argus in Fremont, and the San Jose Mercury News, among other local papers. The ratings service downgraded its “corporate family rating” of the privately held media company to Caa3 from B3 on $962 million in debt. It also lowered its “probability of default” rating to Caa3 from Caa1.” -- And the Trib's plan to charge money to online readers for content access is not going to stop this slide.

Why Are Newspapers Dying? - O'Reilly Broadcast : “The emergence of the Internet proved newspapers' most challenging competitor, and the one that ultimately may have managed to do the newspaper industry in altogether. Most newspapers, from the veritable New York times on down, launched their own websites, reasoning that this was simply another medium in which to publish their own writers, but this viewpoint may have been somewhat shortsighted. In 2003, the term blog first entered into the modern lexicon, an online editorial or journal written not by professional journalists but by eager amateurs who could publish by overcoming a far smaller barrier to entry - setting up a blogging site. With contemporary tools, the blogger could effectively start producing his or her own "news" within a few hours, and if they happened to be reasonably competent, were willing to invest some time into promotion and consistent in publishing content, they had a good chance to gain more &qu