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Mourn Not the Post, but the Press
CNSNEWS.COM ^ | August 7, 2013 | Terence P. Jeffrey

Posted on 08/07/2013 1:17:06 PM PDT by upbeat5

In the past week, The New York Times Co. announced it was selling the Boston Globe to Boston Red Sox owner John W. Henry, and Washington Post Chairman Donald Graham announced Amazon.com founder Jeff Bezos was buying the paper that Graham's family has run for decades.

Both papers went cheap. The Times bought the Globe in 1993 for $1.1 billion and is now selling it for $70 million. The price tag on the Post was just $250 million.

The combined $320 million market value of these two big-city dailies is about as much as the federal government now spends in 45 minutes.

That comparison is telling. The highest purpose of the press is to defend liberty against over-reaching government. In recent decades, the press has shrunk, while government has grown.

Both the Post and the Globe were liberal publications that too often worked against the highest purpose of journalism by taking the side of bigger government against individual liberty. Both, for example, editorially supported Obamacare. Nonetheless, the declining market value of these newspapers — and of American newspapers in general — points to a genuine problem for our country.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Culture/Society; Government; US: District of Columbia; US: Massachusetts; US: New York
KEYWORDS: abortion; amazon; boston; bostonglobe; bostonredsox; deathpanels; districtofcolumbia; donaldgraham; globe; jeffbezos; johnwhenry; massachusetts; newyork; newyorkslimes; newyorktimes; obamacare; partisanmediashill; partisanmediashills; post; washington; washingtonpost; zerocare
Make sure you click to the article as it has some telling statistics on readership compared to the U.S. budget.
1 posted on 08/07/2013 1:17:06 PM PDT by upbeat5
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To: upbeat5

The highest purpose of the press (these days) is to defend B. Hussein Obama and the uber-liberal agenda.

The deaths of these liberal rags is to be savored.

They chose ... poorly.


2 posted on 08/07/2013 1:22:11 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: upbeat5

Stunning numbers...great post....

“That means there were more people on that government health care program [Medicaid] for at least a month than the combined number (69,721,000) of newspapers put into circulation daily and people visiting newspaper websites daily.


3 posted on 08/07/2013 1:24:48 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: F15Eagle
The highest purpose of the press (these days) is to defend B. Hussein Obama and the uber-liberal agenda.

...and it continues to work - given 0baMao's dismal "record" in term one, a ham sandwich should have been able to defeat him.

4 posted on 08/07/2013 1:27:31 PM PDT by ErnBatavia (Carlos Danger for mayor....NYC deserves him)
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To: upbeat5

I mourn my ability to post and see ping’d responses....today...


5 posted on 08/07/2013 1:29:50 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: ErnBatavia
a ham sandwich should have been able to defeat him.

You underestimate the power of the GOPe...

6 posted on 08/07/2013 1:39:35 PM PDT by 5thGenTexan
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To: upbeat5
Nonetheless, the declining market value of these newspapers — and of American newspapers in general — points to a genuine problem for our country.

Sounds like a cause for celebration to me.

Pat Caddell called it. Do you believe it yet?

Pat Caddell slams the media: They have become an “enemy of the people” Sept. 29, 2012(video 26:00)

Emotional Pat Caddell on the MSM ignoring Benghazi: “These people have no honor!” Oct. 27, 2012 (video at link 4:06)

The MSM are enemies of the people!

7 posted on 08/07/2013 1:45:37 PM PDT by TigersEye ("No man left behind" is more than an Army Ranger credo it's the character of America.)
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To: upbeat5
The highest purpose of the press is to defend liberty against over-reaching government.

When is the last time the MSM did that?

8 posted on 08/07/2013 1:47:17 PM PDT by GeronL
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To: upbeat5

The numbers were not adjusted for inflation.
$1.1 B in 1993 is $1.78 B today.
The Globe sold for 6.3 % of its original price.


9 posted on 08/07/2013 2:16:14 PM PDT by I want the USA back (There's no autocorrect for stupidity.)
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To: upbeat5

Part of the reason for their demise is that many people are leaving media with long sentences and structured paragraphs for short bursts of emotion-laden poorly thought out babblings. Many people get all the information that they will ever get from Twitter twittings.

To talk about depth of knowledge with the new media would be ludicrous. It doesn’t even deserve the word “superficial.”

People read 140 characters of someone’s mouth droppings and they think they know something. They retwit it and soon millions are babbling about the latest twittering. This passes for knowledge. Unsurprisingly, the people who do the most twittering voted for 0bama in mass.

[I know it’s tweets, but I have a lot of respect for birds.]


10 posted on 08/07/2013 2:36:02 PM PDT by I want the USA back (There's no autocorrect for stupidity.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks upbeat5.
The combined $320 million market value of these two big-city dailies [partisan shill sheets] is about as much as the federal government now spends in 45 minutes.

11 posted on 08/07/2013 3:28:55 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: upbeat5

If John Henry wants to throw money away, I’m right here and quite willing to take some of the burden off his shoulders.


12 posted on 08/07/2013 4:50:50 PM PDT by Jack Hammer (American)
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To: GeronL

Probably when the Boston Globe referred to Jimmy’s Carter’s economic policy for 1980 as “More Mush From the Wimp.”


13 posted on 08/07/2013 6:43:13 PM PDT by Berosus (I wish I had as much faith in God as liberals have in government.)
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