Rapidly shriveling stock prices have produced a new misery index for the nation’s beleaguered newspaper industry: sky-high stock dividend yields. So high, some observers believe, that some cash-strapped companies will soon have to cut dividends, putting even more pressure on their stock prices.

Bad times for newspapers can be good times for newspaper lobbyists.

Major publishers, which often cover K Street as a hotbed of corruption, spend thousands each year to advance and protect their own interests.

Yet one issue that has fueled the Washington media lobby for years may soon disappear. Federal Communications Commission Chairman Kevin J. Martin has drafted a plan that would abolish rules forbidding companies from owning both a newspaper and broadcast outlets in the same city.

As dynasties go, it was short-lived. Just 68 years elapsed from the time Robert Worth Bingham bought the Louisville Courier-Journal and Times for $1.5 million in 1918 until the newspapers and other family holdings were sold for $448 million in 1986.