Newspapers’ $$$ loss: 
$1 billion a year

American newspapers have lost $1 billion a year in income.

Their reponse: Jettison 17,000 employees.

To read the Harvard Political Review's harrowing tale of newspapers’ freefall, which is NOT good for democracy because there are far fewer people to keep the political foxes from the taxpayers' henhouse, click on

http://harvardpolitics.com/covers/future-print-newspapers-struggle-survive-age-technology/