To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. In the Internet age, however, no one has figured out how to rescue the newspaper in the United States or abroad. – Eric Alterman
If newspapers were a baseball team, they would be the Mets – without the hope for those folks at the very pinnacle of the financial food chain – who average nearly $24 million a year in income – next year. – Eric Alterman
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