RealClearPolitics Media Watch

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Bristol Press Staves Off Elimination

Barely 10 days before its final editions were supposed to be printed, the Bristol (Conn.) Press will survive for now as Michael Schroeder, owner of Central Connecticut Communications, has agreed to buy the daily along with The Herald of New Britain and three weeklies.

These publications, owned by the Journal Register Company, had been targeted for shut down on Jan. 16. Hard hit by the economic crisis and the general decline in the newspaper industry, Journal Register stocks lost 99.5 percent of their value in 2008 and are now worth about half a penny per share.

Since the beginning of December, 10 papers have either shut down or reduced their editions, with four more announcing similar measures for the first quarter of 2009. A total of two papers went down in 2007 and 10 downsized or went away in the first 11 months of 2008.

Steve Yelvington's "The Shutdown List" keeps track of the carnage.