Friday, November 7, 2008

API to host 'crisis summit' for newspapers

The American Press Institute will host a summit Nov. 13 for 50 newspaper executives to discuss the future of the industry.

But what is discussed at the summit will not be known until the API releases its report as the event is closed to the press.

The one-day conference -- one of the recent large scale efforts to help what is a struggling industry -- will be held in the API's Reston, Va., headquarters and it will be "a facilitated discussion of concrete steps the industry can take to reverse its declines in revenue, profit and shareholder value," according to a release.

"The critical role of journalism can only be preserved if the newspaper industry can come through its current crisis," said API CEO James B. Shein, who will lead the discussion.

Shein said they hope to alert newspaper executives of the "urgency of their situation, and lay out steps they will need to take to begin the renewal process."

Read more about the summit here and here.

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