The CBC's board of directors have approved a budget that will result in deep cuts.
"[CBC/Radio-Canada president Hubert Lacroix] has said that selling assets, increasing advertising and cutting jobs and programs could help bridge part of the budget shortfall. Media reports circulating this week indicated the broadcaster was looking at 600 to 1,200 job cuts, although this has not been confirmed."
and...
The Seattle Post-Intelligencer - the 12th most read newspaper in the US - printed its last newspaper.
"The crisis in the US newspaper industry has accelerated in the past few weeks. The collapse in advertising revenue, along with the longer-term problem of declining readership, is the major reason."
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