The New York Times was once the best example of all that was great about American newspapers．Now it symbolizes the difficult situation the whole industry is fecde with.The Grey Lady’s circulation is tumbling down another 3.9%according to the latest data from America’s Audit Bureau of Circulations (ABC)． (9) . Pick almost any American newspaper company and you can tell a similar story．The ABC reported that for the 530 biggest daily newspapers，average circulation in the past six months was 3.6%lower than in the same period a year earlier．As for Sunday papers．it was 4.6%lower．Ad revenues are plunging across the board：by 22.3%at Media General，for example．In 2007 total newspaper revenues fell to$42.2 billion． (10) . Much of this decline is being blamed on the rise of the internet，which offers free，round-the-clock coverage．What’s more，Internet has provided a new，better home for classified advertising，which was o
