What this all shows is all these “news” distributors (newspapers, magazines, radio, tv, etc) never were in the “news” business.
They were always in the advertising business and the “news” was something to put in between the ads.
Love the WATIMES, but it has always been the Moonies semi-hobby, for which I thank them.
http://www.fosters.com/apps/pbcs.dll/article?AID=/20091111/BLOGS10/911119995
Kimball’s not happy with state loan for recovering newspaper
http://www.ojr.org/ojr/people/davidwestphal/200911/1795/
No revenue model for news? Labor steps up
http://www.businessinsider.com/horrified-businessweek-staffers-being-asked-to-write-for-bloomberg-newswire-2009-11
Bloomberg Can Cut BusinessWeek Staff And Not Pay Severance