One of Canada’s oldest daily newspapers is the latest in a line of North American media outlets to announce it will cease publishing its Monday edition in light of “challenging economic times.”

Rupert Murdoch has indicated he will be looking at ways to charge for online content in order to combat dwindling newspaper sales and falling classifieds revenues.

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West Australian Newspapers Ltd has revised its forecasted earnings downwards this financial year because of poor sales in its recruitment and real estate classifieds.

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Fairfax Media, Australasia’s largest integrated metropolitan, rural and regional, print and online digital media company, has had its credit rating downgraded by Standard & Poor because of concerns over a “lack of visibility” in the recovery of earnings.

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The use of online classifieds has more than doubled in the U.S. in the last four years, according to a study out today by Pew Internet & American Life Studies. 

The Newspaper Consortium has sold nearly $50 million in Yahoo inventory so far, according to estimates by Nat Ives writing on the AdAge.com Web site. Sales are running several million dollars a week.