NYT Next?

And it looks ugly for the New York Times. Here's what I propose. Instead of a separate blog post for every bankrupt newspaper, let's just assume major print media will be hit really, really, really hard in 2009 and will struggle to ever regain their former prominence.

MarketWatch.com reporting that the New York Times Warns of a Challenging 2009.

The company in November cut its quarterly dividend by 74% in an attempt to decrease its debt.

Over the last few months, it has cut jobs and reduced other costs. Last month, New York Times said October ad revenue at its newspapers fell 17.2% on continued weakness in print advertising. Classified sales dropped nearly 35%.

In the third quarter, New York Times Co.'s total advertising revenue dropped 14%. Classified-ad sales plunged 29%.

Merry Christmas.