Money

The Tribune company has filed for bankruptcy.  The New York Times has announced that it plans to borrow as much as $225 million against its newly opened building.  Advertising revenues are down 15% this year.  Readers are flocking to the web, and the newspaper companies have not been able to adjust quickly enough.  Bloggers and citizen journalists now deliver the news to people before the mainstream media can piece together a report.

All this seems to point to a decline and eventual death of the newspaper industry.  Are newspapers a thing of the past?

The Dow closed below 8000 points this week, bringing stock prices to some of their lowest levels in over a decade.  Has the market finally hit bottom?  Will those who invest at these prices make a killing in the years to come?

The "big three" of the American automobile industry, G.M., Ford, and Chrysler are in desperate need of cash.  Many Democrats in Congress back a bailout plan that would cost the taxpayers $25 billion in federal aid.  Some Republicans favor the idea of letting the companies fall into bankruptcy where they can restructure their operations, but this would perhaps cause the companies to shed hundreds of thousands of jobs.

From Wikinews:

Software giant Microsoft has been attempting to purchase Internet giant Yahoo! in hopes of leveraging the internet presence of Yahoo! in Microsoft's battle with Google. The original offer for Yahoo! was $44 billion; however since this offer Microsoft has seen a revenue drop this last quarter which could greatly affect the software giant's ability to up the price again in hopes Yahoo! would accept.