The Press: The Fleet Street Crisis

Headline of the Week In the Calgary Alta. Herald NEWFOUNDLAND DEBT CAUSED BY POVERTY

Though Britain's 122 daily newspapers enjoy the world's highest per-capita circulation, and will pull in a record $560 million in advertising this year, pessimism shrouded much of Fleet Street this week like an out-of-season pea-souper. Reasons: sapped by soaring costs and plummeting readership, Britain's fourth and fifth biggest dailies, the Labor-owned Daily Herald (circ. 1,653,997) and the Independent-Liberal News Chronicle (1,441,438), were desperately discussing a marriage of convenience; three smaller newspapers had already gone under in the past seven...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!