Friday, January 30, 2009

What lies behind British media cutbacks?

"Almost two decades of excessive profiteering, sales and mergers driven by the voracious demands of shareholders has led to thousands of journalists losing their jobs and to the closure of hundreds of titles," said James Doherty, president of the National Union of Journalists (NUJ).

"Our industry is at the brink of extinction, and should never have been allowed to become a cash cow," he added.

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