Vaporized: $13.5B in news stock value (Dinosaur Media DeathWatch™)

Reflections of a Newsosour ^ | Jan 1, 2007 | Alan Mutter

[MikeHu]

The handwriting is on the wall.

It's all over but the "excessive taunting" penalties.

It's not that the mainstream media was too leftist -- as much as the world of writing got much better -- without them. The kind and quality of writing we see on forums like these exceed the best mainstream media has to offer -- that "their" best want to play in the bigger pond too, but quickly learn that the waters run more deeply and quickly than the protected and restricted enclaves of the mainstream publishers.

Very few of them can make the transition -- of writing to everyone instead of just the approval of their editor, who used to preen themselves on that absolute power regardless of whether the article was intelligible to anybody else.

Schools and universities are losing their authority for the same reason -- when students realize that the power is not in writing for the purpose of impressing the self-imposed centralized authority -- but in being able to communicate effectively with everyone else!

That is the real power of information and communications -- that has the old establishment on the verge of extinction.

[Wolverine]

[dennisw]

When I read a fish wrap it's the Sun Sentinel. Hopelessly politically correct and liberal there but I feel they make a decent effort to be a community paper. Their editorial pages and letters to editor induce vomit

[GOPJ]

Instead of navigating their businesses through the most difficult environment they will ever know, the executives have been forced to spend disproportionate amounts of their time on investor relations, financial engineering and ill-considered expense cuts that could imperil the long-term health of their franchises.

Yeah. Yeah, that's the ticket...