May 05, 2010
Sinking of the Fleet
Past week or two haven't been too kind to the MFM, last week, the Philly Inquirer and Daily News were both sold to their creditors. This week, WaPo is looking to unload Newsweek. Many factors contributed to this, I think. Obviously the right's abandonment of old news sources is a central one, even among older consumers of news, with FNC, talk radio and teh intarwebs. Certainly the migration to intarwebs news has had a major impact, but then again, I think people still, for the time being, have a sentimental attachment to newspapers and news magazines, there is something physically nice about holding and reading the newspaper or magazines, just like there is with a book. That sentimentality will only carry so far, especially when journalists and editors have become so rabidly biased while claiming impartiality and generally sloppy on facts, information and writing quality.
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