Old Media business reporters have a definitionally-incorrect habit of labeling single industries or economic sectors as being "in recession," when the term, as defined here, can only describe national economies or the world economy. Two examples of this are New York Times reporter David Leonhardt's description of manufacturing as being in recession in February 2007 (laughably incorrect, in any event), and the Times's employment of the term "housing recession" 25 times since October 2006, as seen in this Times search (with the phrase in quotes).
But if I wanted to be consistent with this routine form of journalistic malpractice, I would characterize the newspaper business -- at least in terms of the top 25 in the industry's food chain -- not as being in recession, but instead as going through a deep, dark, painful, protracted depression.















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