The buggy-whip industry

Newspapers circling the toilet bowl:

Gannett is implementing a long-rumored furlough program that wil require most U.S. employees to take a week off without pay.
Gannett CEO Craig Dubow announced the plan in a memo today. . . .

Gannett is deeply implicated in the death of the American newspaper. The LGP (Local Gannett Paper) became a widespread joke in the 1990s, and the Gannettification of newspapers was widely imitated.