The Sorry State of the Newspaper Industry: Advertising Income Fell 16.6% in 2008

Advertising is a large part but not the sole income source of healthy news organizations(It's silly to continue to call them newspapers when they've been online for years with websites/email/forums/blogs/video/twitters and almost every other electronic "innovation")

Companies that rely solely on advertising (and a higher percentage of startups and other supposedly "hot" companies fall into that category than news organizations) are fucked. It's gonna be really tough.