"Most two-newspaper towns will likely disappear, perhaps by the end of 2009"

Trust CNN to document the spiral of depressing developments following the death (and cremation) of Rocky Mountain News and Seattle Post-Intelligencer:

The chain that owns the Los Angeles Times and the Chicago Tribune is in bankruptcy...

[T]he Ann Arbor (Michigan) News [has] announced that it will publish its last edition in July...

[T]he Charlotte Observer announced Monday it will cut its staff by 14.6 percent and reduce the pay of most of the employees it keeps...

The situation... looks grim for The Tucson Citizen. In the past 25 years, circulation at Arizona's oldest newspaper has dwindled from 65,000 to 17,000...

The quirky San Francisco Chronicle is reported to be circling the drain. If it were to close, San Francisco would be the first big U.S. city without a major daily paper....

The Atlanta Journal-Constitution and the Boston Globe are bleeding about $1 million a week...

But then, there's some good news: Journalism isn't going anywhere, even if a medium is. Check out Flint Journal writer Andrew Heller. He is among the uncountable citizen journalists, bloggers, and other netizens who (hope to) keep the hope for journalism -- and hence, democracy -- alive via the Web.

Also see: Did the Newspaper Preservation Act encourage newspapers to ignore the competition?
And: "Bloggers killed the Rocky"
And: "Why did the Rocky Mountain News die?"