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Let me make my point clear. The reduction in circulation of newspapers across the country is not – I repeat NOT – a market-place failure. Rep. Henry Waxman (D-Calif.) thinks the federal government will soon need to step in to support serious journalism currently on the brink of failure.
Even as I read this article, I sat here stunned. But as I calmed myself, I realized, I should not be surprised. Banks, investment houses, automobile companies, and now … newspapers. The state of New Hampshire last week agreed to guarantee 75 percent of a $250,000 loan from an Upper Valley bank to the new…
Imagine a new role for Treasury Secretary and tax cheat Timothy Geithner: editor-in-chief of your local newspaper.
The market changes. Paid circulation for newspapers have been in decline for years and recent data from the spring Audit Bureau of Circulations is no different. Year-over-year, circulation was down 8.7 percent after a decline of more than 10 percent in the fall.