Hardest hit: Profits slid 100% at big papers

UPDATED 4:21 PM - July 7, 2009: The Inland Press Association today reissued the summary of the study on which this post was based. The major change is that 12% is the average profitability of large newspapers in the last five years, not solely in 2008. Although the original post is published below, it should be read in connection with the follow-up post here. The bigger newspapers are, the harder