True, but also note the source—TPM is notoriously liberal. I’m not saying the article is factually inaccurate, but Talking Points Memo is definitely going to gloat over the Washington Times’ difficulties and ignore or play down similar, far worse situations at liberal-slanted papers.
You’re right, though. Dead-tree newspapers are slowly dying no matter what, but the liberal bias and arrogance of so many will cause them to die faster.
}:-)4
IIRC the Washington Times has never made any money and was always subsidized by the Moon Church.
And the Washington Post Company (WPO) now is only making money from the Kaplan division. They too, will have some hard decisions to make.
http://www.washpostco.com/phoenix.zhtml?c=62487&p=irol-landing
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.
We cancelled our subscription in 2008 when the new editor (John Solomon) took over. We didn't care for the subtle changes of choice-of-words in articles, photos, headlines, and tone of the paper: quietly and subtly leaning left while trying to report from the "right" side. We just didn't like it - and allowed our subscription to lapse.