Marketplace for Friday, March 6, 2009
Posted In: Internet
The Seattle Post-Intelligencer is looking at becoming the nation's first metro newspaper to go Web-only next week. Its journalists are facing lower salaries and benefit cuts. Could this be a model for newspapers' survival? Mitchell Hartman reports.
The Federal Deposit Insurance Corporation is asking Congress for a $500 billion line of credit with the U.S. Treasury. This enormous new request could signal a change in strategy in the banking bailout. Steve Henn reports.