http://news.bbc.co.uk/2/hi/americas/7913400.stmEven the biggest names in the US newspaper industry are feeling the recession's bite.
The New York Times is struggling to service debts of some $400m, amid dwindling cash reserves and plunging revenue. Last year it had to mortgage its gleaming new headquarters (built in 2007 with much fanfare) to bolster its cash flow.
...because it's not fag material. It's journalist material. Everyone covers their own material from now on, remember?
