Chicago's War of the Losers.

The article discusses the impact of inflation on the newspaper and other publishing industry operating in Chicago, Illinois region. According to analysts, inflation and the inroads of television and magazines have forced 42 daily newspapers to merge since 1960. Daily circulation of Chicago's papers has declined since 1960 from 2.4 million to 2.2 million due to the tough economic climate leading to inflation. The advent of television has affected the sale of newspapers. For example, early evening television news programs have hurt afternoon newspaper sales everywhere in the U.S. Some of the newspapers affected by inflation include, "News," "Today," and "Tribune."