Sat, Aug 15, 2009 - Page 9 News List

Small is becoming beautiful for many newspapers in US

While big national newspapers have shrunk in size and seen ad revenues drop, smaller publications survive with a ‘hyperlocal’ focus

By Michael Liedtke  /  AP , SAN FRANCISCO

Most community papers are privately held — often owned by the same family for several generations. In addition, smaller newspapers generally have little debt. Huge debts drove the owners of newspapers like the Los Angeles Times, Chicago Tribune, Philadelphia Inquirer and Star Tribune of Minneapolis into bankruptcy court to reorganize their finances.

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