Ann Marie Lipinski

As you may already know, yesterday was a dark day for the newspaper industry: Layoffs at The Los Angeles Times; buyouts at The Wall Street Journal; the departure of The Chicago Times' editor-in-chief; The New York Times' stock price dipped to a decade-low as shares of McClatchy, Gannett, and News, Corporation also took hits.

Today, the hits just keep on coming. Some lowlights after the jump:  read more »

When some future historian writes the book about how newspapers went the way of the steel industry (if there are books in the future, of course), today could be the lede:

• The Los Angeles Times notified 150 newsroom staffers that they're getting fired today, months after they already cut dozens of jobs; the paper's publisher "stepped down," and will be replaced on an interim basis by Randy Michaels, a man with a career in radio.
• The New York Times' stock dropped another 3 percent today, falling to $13.21 and, at one point, hitting another decade-low of $13.00
• The Wall Street Journal is buying out half a dozen staffers
• The Chicago Tribune's editor-in-chief, Ann Marie Lipinski, is resigning, and wrote in her farewell memo, "it would be inaccurate to attribute it to any one event." This comes less than a week after the Tribune announced it would cut 80 positions from its newsroom, the second wave of cuts this year for the paper.
• McClatchy's stock went down 3.14 percent, Gannett down 0.9 percent, News Corp down 0.77 percent.