Wednesday, July 25, 2007
"The Paper" to Fold Print Edition
From dailypress.com
A sad day in American Publishing, at least the online edition will go on.
BOJ
Weekly World News to fold print edition
The publisher of Weekly World News - the tabloid that for 28 years has chronicled sightings of Elvis, extraterrestrial activity and the exploits of Bat Boy, above - said Tuesday it would put out its last issue next month, maintaining only a Web presence. American Media Inc. announced the Aug. 27 issue would be the tabloid's last, citing "challenges in the retail and wholesale magazine marketplace." WWN was targeted in 2001's deadly anthrax mailings, which killed a photo editor.
Mortgage defaults blamed for losses
Countrywide Financial Corp. said Tuesday its second-quarter profit shrank by nearly a third as softening home prices led to more delinquencies and mortgage defaults. Countrywide said the market will become even more challenging as lenders compete more fiercely. The company reported second-quarter net income of $485 million, or 81 cents per share, compared with $722 million, or $1.15 per share, in the second quarter of 2006 ended June 30.
A sad day in American Publishing, at least the online edition will go on.
BOJ
# posted by Blind Orange Julius @ 6:39 PM 
