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Newspapers: Print Form Will Last A Decade

Bloomberg, Wednesday, April 7, 2010 12:23 AM

Printed newspapers will probably survive as long as a decade before being largely replaced by digital news, said James Tyree, who led the October buyout of the Chicago Sun-Times. Sun-Times Media Holdings LLC, publisher of eight dailies in Illinois and Indiana, will have to wean itself from its printed newspapers by offering more original Internet content, such as in-depth sports and regional political coverage, Tyree said.

His purchase of the company ended seven months of bankruptcy. There are no plans to erect a Sun-Times pay wall on the Web. U.S. publishers have cut jobs and sections, and sold assets to cope with declining ad revenue. Last year, print ad sales plunged to their lowest since 1984 and digital advertising fell 12%, per Newspaper Association of America data.

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