Monday, February 18, 2008

More bad news....

Joan and I just returned from a weekend trip to Buffalo, NY. We know, we know, Buffalo is not a winter vacation destination, but it is when you have family there.

Anyway, (one of my favorite sites - also linked here) has a new round of bad newspaper news.

1 comment:

oakland said...

I would like to know if these papers are truly bleeding red ink or if the owners/shareholders just want fatter margins. I own significant shares of a major national chain of mostly unspectacular newspapers, and I have not read in my Annual Report of any big pay/benefit cuts among the executives.

While I normally subscribe to the theory that market forces decide which businesses live and which die, there is something deeply troubling when newspapers -- institutions that expose corruption and help keep public "servants" from serving themselves (when they're doing their job) -- are being driven out of business.

Not that private ownership necessarily produces butt-kicking journalism (note the current embarrassments of the Flint Journal, one of several Michigan Booth, or "Spoof" newspapers), but perhaps there are some industries that shouldn't be publicly traded.