Read this: Media facing carnage, warns Guardian News Medias Emily Bell |Media |guardian.co.uk
Summary: As many as five national newspapers could fold within two years in a worst-case scenario as the media suffers unprecedented carnage, Guardian News Media executive Emily Bell has warned. Bell, the GNM director of digital content, warned that broadcasters, national and regional media were in the middle of a systemic collapse in advertising and not a cyclical downturn. Bell pointed out that the New York Times' revenues fell 12 before the current credit crunch took hold and merchant bank Lehman Brothers collapsed. - guardian.co.uk
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