Print Media Drowning in Red Ink (re-re-update)

UPDATE 3/13: The New York Times updates the roll call of newspapers in such trouble that their home towns might soon become one-paper or zero-paper cities. Joel Kramer of MinnPost.com is interviewed and offers this summary of the scenario: "It would be a terrible thing for any city for the dominant paper to go under, because that’s who does the bulk of the serious reporting. [Websites] like us would spring up, but they wouldn't be nearly as big. We can tweak the papers and compete with them, but we can’t replace them."

UPDATE 2/28: The Washington Post offers up a roll call of newspapers in trouble and their myriad attempts to staunch the outflow of cash and staff.

U.S. News & World Report To Shift Operations to Web
"U.S. News & World Report is getting out of the newsmagazine business and going all digital. The financially struggling magazine, which cut back to biweekly publication earlier this year, now plans to reinvent itself on the Web. While it will publish one print edition each month, according to staffers briefed on the decision, these will be entirely devoted to consumer guides -- such as its annual rankings of colleges and hospitals -- and contain no other news."

PC Magazine, a Flagship for Ziff Davis, Will Cease Printing a Paper Version
"Ziff Davis Media announced Wednesday that it was ending print publication of its 27-year-old flagship, PC Magazine, and would take the title online only. It is the latest of several magazine publishers to drop a print edition, as advertising plummets and the cost of printing a paper version rises."

Christian Science Monitor shifts from print to Web-based strategy
"In 2009, the Monitor will become the first nationally circulated newspaper to replace its daily print edition with its website; the 100 year-old news organization will also offer subscribers weekly print and daily e-mail editions."

Condé Nast Cuts Focus on 2 Magazines
"Men’s Vogue will all but disappear as a separate operation. It will be folded into Vogue and will be published twice a year instead of 10 times, the company said...Through the first nine months of the year, ad pages in all United States magazines were down 9.5 percent from the same period in 2007..."