Just days after job cuts were reported at the Chicago Tribune, the New York Times has announced 100 job cuts from their newsroom due to "a weak economy and competition from the internet".
The lost jobs represent almost 8% of the NYT newsroom staff.
The Times has had other job cuts in the recent past, but these are the first to affect their newsroom.
It really looks like newspapers are going to lose out to online media, meaning they will be cut back to a certain level and never be able to recover.
I still like to read a weekend newspaper myself, but who really has time to read a major city paper every day anymore? We get our news on the go now; on the internet, and on mobile devices. You don't have to wait for tomorrow morning's newspaper to get what you need. You just need to log on anytime, 24/7.