Can Hearst Save Newspapers With an E-Reader?
Fri, Feb 27th, 2009
Two intriguing developments today in the ongoing saga of the vanishing American newspaper: Hearst Corp. will launch a wireless e-reader later this year, and the Long Island daily Newsday plans to end free Web content and charge readers for its online edition.
Hearst has a stable of magazines including Cosmopolitan, Esquire, Good Housekeeping, Popular Mechanics, Seventeen, and SmartMoney, as well as 20 or so newspapers, some of which are on life support. Things are so bad that Hearst may shut down two money-losing dailies, the San Francisco Chronicle and Seattle Post-Intelligencer, if it can't sell them; the prospect of selling both newspapers is next to impossible in this economy.
Read the whole story on PC World
