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September 29, 2008

Just a flesh wound? The future of local newspapers in a credit crunched world

By Peter Kirwan

– Monty Python & The Holy Grail (1975)

The real problem is that large parts of the regional press have spent the past decade driving down the road of quoted consolidation. Today, this road has become a cul-de-sac. The debts, margins and organisational structures of these companies are unsustainable in a post-crunch world.

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