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Newspaper shake-ups loom with Chapter 11

Published 02/23/2009, Associated Press

With the four owners of 33 U.S. daily newspapers seeking bankruptcy protection in the past 2½ months, even more upheaval looms for an industry clearly gasping for survival. Analysts doubt those newspaper companies will be able to emerge from Chapter 11 bankruptcy protection without agreeing to lenders’ demands for radical changes, such as switching some of their newspapers exclusively to online delivery.

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