Newspapers Suffer

The U.S. newspaper industry is likely to face a "somber" second half of the year, with circulation and advertising revenue remaining under pressure, according to an analyst's report released this week.

The report casts doubt on any hopes of a major recovery for an industry that has seen share prices fall by 15 percent in the last 12 months amid declining readership and a migration of advertising dollars to the Internet.

Read more here.