Newspapers: This too shall pass
These are dark days for the newspaper industry. Last week, the New York Times Company was threatening to shut down The Boston Globe if benefits weren’t cut. Warren Buffett, who boastfully reads five newspapers a day, told his shareholders he wouldn’t invest money in newspapers “for any price.” Meanwhile, Congress heard testimony from editors and journalists on the future of the medium, and The New York Times raised the price of their Sunday edition to $6. All the while, more and more journalists were handed pink slips. Read more
Justin Snow | Writer 