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Exxon barred from Iraqi oil, gas auction
TUCSON, March 16 (UPI) -- A U.S. media think-tank said newspaper companies need to beat the bushes for new ideas for revenue in a recession in which the Internet is grabbing readers.
The Project for Excellence in Journalism said in a report Monday that "no one source is a likely magic bullet" that will pull newspapers from its doldrums, The Christian Science Monitor reported Monday.
"In the last year, the business model has deteriorated so quickly it's now 'man the battleships,'" Mark Jurkowitz, the project's associate director told the newspaper.
In an era beset by bankruptcy filings and closures, the Seattle Post-Intelligencer moved to an online-edition only news company Monday. On the same day, The Tucson Citizen announced it would stop publishing if it could not find a buyer by March 21.
Many major cities are losing their dual-newspaper status. Besides Seattle, the Rocky Mountain News closed in February. The Chicago Tribune and the Philadelphia Inquirer filed for bankruptcy. The Miami Herald, is up for sale.
Indeed, while hunger for news is unabated, "the prospect of a 'no-paper' town is a real one," The Christian Science Monitor reported.
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BOGOTA, Feb. 14 (UPI) --
Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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SINGAPORE, Feb. 14 (UPI) --
Sikorsky plans to expand business operations in Asia and is opening an office in Malaysia to kick off the effort.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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