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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.