The venerable trade publication RCR Wireless News today joins the list of publications wiped out by a changing news paradigm and a disastrous economic downturn.
From their announcement:
RCR Wireless News has suspended publication of its print and online products immediately and is closing operations. Unfortunately, the market for RCR's products has been hit particularly hard by the global financial meltdown.
"RCR Wireless News was passionately run by first-class people and it pains us to make this move but the economy gives us no other choice," said Crain Communications Chairman Keith E. Crain.
It is becoming accepted wisdom that print media is decreasing and may eventually fall victim to the Internet. Even so, until a serious, effective and accepted method of monetizing online news content is adopted, these dominoes will continue to fall.