The incredibly shrinking Chicago Reader

The Chicago Reader, sold recently to Tampa-based Creative Loafing, is cutting the size of its free alternative weekly – and cutting back staff as well – they are asking its drivers to become independent contractors. This comes as the newspaper industry continues to struggle with declining revenues thanks to the move of classified ads to the internet portals like Craigslist, not to mention increased competition from Chicago Tribune’s free RedEye and Time Out Chicago.

The printing of the paper is also changing presses from Chicago’s Newsweb Corp. to the Milwaukee-Journal Sentinel.