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THE BIGGEST STORY IN THE NEWSPAPER INDUSTRY THESE DAYS IS ABOUT DOWNSIZING, COST SLASHING AND CUTTHROAT COMPETITION. WILL THE DAILIES SURVIVE?

As the days passed last year, it was as if some creeping, flesh-eating virus had got hold of the newspaper industry. Nearly every month brought fresh evidence of decay, proof that a major contraction, driven by skyrocketing costs for newsprint, was occurring among papers large and small, famous and obscure. In January the Milwaukee Journal and the Milwaukee Sentinel announced a merger, destroying about 500 jobs--and creating yet another one-newspaper town. In March the Fort Worth Star-Telegram abandoned its all-day edition. In April the Houston Post walked off the field, leaving its rival, the Chronicle, with the run of the city....

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