Washington Post merges print and online

The long-established US newspaper Washington Post has reacted by stepping on the cost brakes to cushion falling advertising revenues. The paper will merge its print and online activities from the beginning of 2010. In a memo to employees, Post publisher and Media CEO Katherine Weymouth announced that the two divisions will be merged into one organization on 1 January next year. Once again, the industry has suffered a setback for quality journalism, as Pressetext writes. Most recently, the media group announced that it would be discontinuing its national weekly magazine altogether. Like the entire sector, the Washington Post has been hit hard by the crisis-induced advertising slump. This is also clearly noticeable in this country and is mainly reflected in the shrinking revenues of print media.