CNN.COM

"The chains that own large metropolitan dailies such as the Los Angeles Times and the Chicago Tribune are in bankruptcy. Other papers, large and small, are teetering on the brink.

"On Monday, the Ann Arbor (Michigan) News announced that it will publish its last edition in July. Taking its place will be a Web site called AnnArbor.com.
Three other Michigan newspapers announced Monday they are reducing their publications to three days a week...

"And the Charlotte Observer announced Monday it will cut its staff by 14.6 percent and reduce the pay of most of the employees it keeps."

WATCHDOG: Yet the Lancaster Newspapers continue to publish two dailies and the Sunday News. Hmm.