Bigger dominoes beginning to fall

This last week was graced with the unpleasant announcement that E.W. Scripps has put the Rocky Mountain News up for sale. The flagship newspaper for the company that has won four Pulitzers in the past eight years.

This, in the midst of a month where more than 500,000 Americans lost jobs. Those are just the ones that filed for unemployment mind you, there could be many more undocumented.

Then two days later reports are that The McClatchy Company is putting a FOR SALE sign on their flagship The Miami Herald.

Denver will most likely become a single newspaper town, as there will probably not be someone crazy enough to buy a property that is losing over $1 million a month in a competitive market and in a declining industry. Sadly, hundreds more will be added to that skyrocketing unemployment statistic, but those additions will be people I know. People I respect. People that care about the Fourth Estate.

Scary thing is I didn't think all these troubles would come this soon. I knew that the first quarter of 2009 was going to be a bloody mess, but before Christmas bells had even begun to ring? The acceleration in the decline of the newspaper business, as well as the economy in general, is speeding up much faster than many thought would be possible. The first quarter of 2009 may just look like the basement of Leatherface's Texas Home.