An "invitation-only, closed-door summit conference" to find ways to "revive the newspaper business" will be held November 13 by the American Press Institute.

50 CEO-level executives, led by James B. Shein, will take the one-day conference at API's Reston, Va. headquarters as an opportunity for a "facilitated discussion of concrete steps the industry can take to reverse its declines in revenue, profit, and shareholder value."

The conference will not be open to the "working press," however, API said it "will publish a full report on the conference."

"There are concrete steps organizations can take to halt and even reverse" the financial "crisis curve" the newspaper industry has seen, Shein, former "turnaround CEO" and now professor at Northwestern University, said Thursday.

The goal of this conference is to "lay out the steps (organizations) will need to take to begin the renewal process" financially, Shein said.

Source: Editor and Publisher