
Between all the bad news for print journalism, one little paper might have weathered out the storm, at least for now. Newark's Star-Ledger looked like it was heading for a financial meltdown: it's been hemorrhaging anywhere from $30-40 million annually without a buyer in sight, plus they had a pesky union problem with their truck drivers that wouldn't deliver their papers. People were taking bets on whether the Star would even last till January.
So even though there are still no buyers, and the paper is still bleeding money like a pre-op House patient with lupus (they will never figure it out in time!), the Star-Ledger, Newark's most widely distributed paper, is "close" to coming to a deal with the union that would allow Si Newhouse to continue to own New Jersey with an iron fist, at least until after January. Hurrahs all around?
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