The Boston Globe, Minneapolis Star Tribune, and Tribune Company (owner of LA Times and KTLA) are all recent examples of traditional media on the brink of closure.
Circulation is down more than 30% at the Boston Globe since 2000, which is only representative of a trend hitting the print media market - people avoid buying newspapers if the news they need is online.
The online world of journalism and blogging is generally free, forcing media companies to deal with two sticky issues: