What are Oregon Bloggers going to do when there are no Reporters?

Financial uncertainties for owner of three Oregon dailies

Lee Enterprises, a major publishing company that holds three Oregon daily papers, says it may have troubled covering debts for the next two years because of reductions in revenue.

The company publishes the St. Louis Post Dispatch but also the Albany Democrat-Herald, the Coos Bay World and the Corvallis Gazette-Times in Oregon.

An outside auditor also expressed worry that the company will not be able to continue as a “going concern” if it cannot refinance some loans.

Lee also publishes the Longview Daily News in Washington.

The newspaper industry generally is undergoing drops in advertising because of the recession and a move of readers and advertisers to the Internet.

I mean – how many of us do the legwork and actually find the news?

Maybe a bigger question is – what happens to society when there are no newspapers. What happens when no one reports on things like the bank bailout?

How will investigative reporters be compensated?