The Albuquerque Tribune, a newspaper that won a Pulitzer Prize as recently as 1994, will publish its last issue on Saturday. Circulation at the afternoon daily had dwindled from 42,000 in 1988 to just 10,000. Owner EW Scripps Co. had put the paper up for sale last August, but the only serious bidder wasn’t able to close the deal and no other interested parties emerged. Editor Phil Casaus said the last three editions will feature stories about The Tribune’s role in Albuquerque journalism. The 38 editorial staffers were informed this morning.
The Tribune was founded in 1923 and was part of the country’s oldest joint operating agreement. Under the deal, the Tribune and the Albuquerque Journal operated separate newsrooms, but combined business operations. Afternoon papers have been hit particularly hard by the advertising slowdown. BusinessWeek said there are only about 600 of them left in the U.S., down from 1,000 in 1990. See also the Reuters coverage.
This entry was posted on Wednesday, February 20th, 2008 at 2:45 pm and is filed under BusinessModel, Circulation, Journalism, Layoffs, NewMedia, Newspapers. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.