Oeditpus Rex
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Thu Mar-19-09 07:55 PM
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E&P: 'How Did Newspapers Get in This Pickle?' |
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Then came an era of cheap credit, and chains began to think that if they got big enough the "synergies" would drive down costs and drive up revenue. Chains began to make multiple billion dollar deals. And not just Tribune, which bought Times Mirror, the publisher of the Los Angeles, or Gannett, which was expanding. Even once modest chains began to make blockbuster deals. McClatchy bought all of Knight Ridder getting trophy papers like the Miami Herald. Lee Enterprises, in sleepy Davenport, Iowa, took over Pulitzer, the most famous name in newspapers.
With debt. Lots of debt. http://www.editorandpublisher.com/eandp/columns/newspaperbeat_display.jsp?vnu_content_id=1003952561
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Kat45
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Thu Mar-19-09 08:33 PM
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1. Very interesting article. |
Chemical Bill
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Thu Mar-19-09 08:59 PM
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2. To me, it was the lies. n/t |
DCKit
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Fri Mar-20-09 06:08 AM
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5. Agreed. I'm ashamed I ever held the NYT or WaPo in high esteem. |
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The Enquirer has more credibility.
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burythehatchet
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Thu Mar-19-09 09:11 PM
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3. Sadly, the Washington Post is stil in business. |
gratuitous
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Thu Mar-19-09 09:35 PM
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4. They stopped publishing for their communities |
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And published solely for the benefit of their big advertisers. There's more to it than that, but that's one of the big reasons.
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DU
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Sun May 05th 2024, 06:03 PM
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