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June 30, 2008

In "Survival Mode," Newspapers Slashing Jobs

Sector outlook: "Grim."

Instapundit says he doesn't have much "glee" about this. I have a lot more. It's true that news is important.

On the other hand, those who have been delivering the news to us have been doing a rotten -- and deliberately so -- job. People don't trust them; they recognize they are by and large an owned-and-operated subsidiary of the DNC's communications department.

It's a good thing when bad businesses die. It clears the way for good businesses to enter the field.


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posted by Ace at 06:53 PM

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