“In 2009 and 2010, all the two-newspaper markets will become one-newspaper markets, and you will start to see one-newspaper markets become no-newspaper markets,” said Mike Simonton, a senior director at Fitch Ratings, who analyzes the industry. …

…Web sites like Craigslist have been to classified ads what the internal combustion engine was to horse-drawn buggies. The stock prices of most newspaper publishers have dropped more than 90 percent from their peaks.

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