Ex-Knight Ridder exec's report says U.S. newspapers face $20B revenue decline by 2010

In a $495-a-copy report written for the research firm Outsell, former Knight Ridder executive Ken Doctor  -- who participated in MGP2006 -- predicts that the U.S. newspaper industry will find itself with an accumulated revenue decline of $20 billion by the year 2010, with circulation down nearly 20% from 2004 levels. Doctor writes: "“Print newspaper holdings may well survive only as part of more diversified media companies or in the hands of private or semi-private owners who are willing to take far less profit than has been the standard.” [ Visit Outsell Website ]