Friday, March 20, 2009

Death Throes of an Industry

Salvador Rizzo writes:

So why hasn’t someone figured out a solution? Newspapers have always chosen to remain financially independent, their reasoning being that it protects their objectivity. This means they won’t accept charity or bailouts — even though I’ll make the argument that major dailies are much more important to the overall well-being our country than, say, an insurance company that gets a $170 billion taxpayer rescue and then has the gall to announce $165 million in bonuses for executives.

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