Hearst Corp and EW Scripps Co, have shut failing papers rather than rehabilitating them. Other publishers, including McClatchy Co and The New York Times Co, have seen their stock prices plunge as they cut back staff and Wall Street sees little hope for the ad market recovering. Other members include Journal Register Co and the owner of The Philadelphia Inquirer and Philadelphia Daily News. Tribune Co, which publishes the Chicago Tribune, and the Sun-Times are two members of a growing club of newspaper owners in bankruptcy as the recession crimps ad spending. It also owns the Post-Tribune in Merrillville, Indiana. Sun-Times properties include the Beacon News in Aurora, the Courier-News in Elgin, the Lake County News-Sun in Waukegan and the Herald News in Joliet.
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