It was only "paper" to begin with.......
Sounds like the MSM should have spent more time worrying about the Media Bubble than the housing bubble.
20.5 down, another 79.5 to go.
This newsosour writes like one of the many lefties in the WSJ.
"As big a fan as I am of free enterprise and free speech, I dont think anyone has the right to cry Fire! in a crowded theater while decent and well-intentioned people (newspaper executives) are trying to shepherd the innocents (readers, employees and advertisers) to safety.
But thats essentially what Wall Street has been doing for the last couple years."
Thanks to Wall Street for warning current and potential investors of the fires burning inside the ivory towers of these Fish Wraps.
This whining writer apparently has very little concern for the stock owners of these Dying Fishwraps. He is willing to let the stock owners, like the pension funds, mutual funds and straight investments of innocent investors suffer massive financial losses to keep these dying fishwraps publishing their daily lies.
The elite controllers of the dying fishwraps are the arsonists, who set or allowed the fires to be started. They would never inform their stock owners of their reality. It was up to Wall Street to warn us.
Their corporate culture of lying to those who buy their fishwraps or buy advertising has been exposed, and they are paying the price.
Months ago I sent to Tom Fiedler, then the editor and publisher of the Herald, an idea I had for increasing their online readership. He replied back right away that he really liked the idea and then passed the project along to Rick Hirsch where the idea died due to his LAZINESS.
I talked to Rick on the phone several times. He also liked the idea but didn't want to try it out even on a limited basis because he claimed he didn't have the "resources" to spend time on it. The "resources" could have consisted of a college intern that knew something about programming. Even most of that programming software is readily available on the Web which I pointed out to Rick Hirsch. However, he was STILL too lazy to even give it a try.
No wonder the dinousaur media is collapsing. It consists of completely lazy people who don't want to rock the boat.
Tom Fiedler of the Miami Herald made a big deal about how they need to adapt to the Web a couple of years ago. It was all TALK. When it came time to walk the walk, he went into the fetal position. And now he is out. Yeah, Fiedler really liked my idea for increasing their web readership but then did NOTHING but hand the idea off to the incredibly lazy Rick Hirsch who did nothing but come up with lame excuses about his "lack of resources" to follow thru.
There are, in fact, at least two major reasons for the decline of the MSM.
One of them, of which we are well aware, is their incredible bias, willingness to lie, carelessness about reporting the facts, and steady dumbing down of the product.
The other is simply the growth of the internet, which is stealing their advertising revenue, more or less regardless of how good their product is.
Not much they can do about the second problem. And not too much, possibly, that they can do about the first. Because their readership at this point is probably mostly leftists, the last ones to leave the sinking ship. If they go hard right, they may drive away a lot of current readers without gaining new ones.
Their fault, of course, for polarizing their audiences in the first place. To return from ideology to economics, their problem was that they had a MONOPOLY ON THE NEWS, and monopolies are always economically destructive in the long run, as soon as some clever entreprenteur figures out a way to make an end run around them. That turned out to be Steve Jobs and Bill Gates, and now the MSM is reaping the fallout of having pushed their monopoly to the limits because of the usual pride and blindess--hubris--that having monopolistic control of something produces in the operator.
Yeah. Yeah, that's the ticket...