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Wall Street Walks Away From Newspapers
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Jim Romenesko
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Plain Dealer layoffs
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Hannity w/o Colmes
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Mediabistro.com
"Someone, somewhere is going to grow the revenue from online enough that it can support a newsroom of our size and talent," says Los Angeles Times editor Russ Stanton. "And when that happens, that's when you can start, if you so choose, to pull the plug on the paper. If you have the revenue to pay for the journalism, you can eliminate the print. I mean, the people are only half of the cost -- the stuff that costs so much are the paper and the presses you need to print the darn thing. But I don't see that happening around here in my lifetime."
Posted at 11:13 AM
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Let's just wait and wait First, who's to say newspapers can afford to sit around... More.
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