Journal Communications Inc. (JRN) today reported a nearly 60%
drop in net income, as a downturn in the auto industry and real estate market
cut into ad revenue.
This is bad news. Although the advent of the Internet has led to a multiplicity of opinion voices, there aren't many people doing investigative reporting outside of reporters at newspapers (and online newspapers like Frontpage Milwaukee!). Then again, there aren't many reporters at newspapers doing influential investigative reporting, either, but at least there are some.
