Wednesday, March 18, 2009

How Did Newspapers Get in This Pickle?

Mark Fitzgerald writes:

I think it's important to realize the problems of U.S. newspapers did not start with the Internet. They actually started, as many failures do -- with success. Let's go back to the 1960s and 1970s when many newspapers, especially the afternoon papers in big cities, went out of business. That left a big monopoly paper that was making very good money. These papers began to expand to other markets, and create the chains we know today, like Gannett and Tribune Co.

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