The rise of online advertising has shattered the business model of many newspapers, and most small regional dailies have been forced to consolidate or close. Now a new threat looms in the form of import tariffs on Canadian newsprint paper. Few industries have performed worse over the past decade than newspapers. After 28 years of declining daily circulation, a collapse in print advertising revenues, and difficulty signing up paid digital subscribers, what was once considered a recession-proof franchise business has been reduced to a shadow of its former self . . .

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