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A 10-point plan for the government to shore up local newspapers (From The Seattle Times' publisher)

Discussion in 'Journalism topics only' started by Mr. X, Mar 3, 2023.

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  1. The Big Ragu

    The Big Ragu Moderator Staff Member

    It didn't earn any money. A company like that never exists in the first place, without distorted debt markets promulgating a survival of the unfittest environment.

    The company wasn't at the whim of "mercurial tech titans." It was was at the whim of central banks disorting debt markets with zero percent intrest rates to make it so that things that lose money can keep borrowing and selling equity. And it "turned to dust," when the consequence of that -- monetary inflation -- became enough of a problem that they felt forced to let interest rates rise a little.

    Without the ability to ride a monetary bubble, the company -- which wasn't viable because it didn't earn money -- ended.

    Peter is kind of ridiculous at times. ... but I saw this the other day, and it is mostly correct.

     
    Last edited: Apr 26, 2023
    The Big Ragu, Apr 26, 2023
    #61
  2. jr/shotglass

    jr/shotglass Well-Known Member

    I think I'll reserve judgment: Lancaster (Pa.) Newspapers has struck a partnership with its closest PBS station in Hershey to operate as a non-profit.

    At least they didn't get chewed up by Gannett like almost every other newspaper around here.

    WITF+LNP - Enriching lives together.
     
    jr/shotglass, Apr 26, 2023
    #62
  3. Mr. X

    Mr. X Active Member

    I believe I once read on this board, "Non-profit is a tax status, not a business strategy." Do you agree?
     
    Mr. X, Apr 26, 2023
    #63
  4. jr/shotglass

    jr/shotglass Well-Known Member

    For l0ng-term payoff, I agree.

    For survival, I might not.
     
    jr/shotglass, Apr 26, 2023
    #64
  5. wicked

    wicked Well-Known Member

    I didn’t realize LNP was hurting that badly. WITF is more Harrisburg-facing, at least it used to be. It seems like an odd marriage.
     
    wicked, Apr 26, 2023
    #65
  6. Azrael

    Azrael Well-Known Member

    Azrael, Apr 27, 2023
    #66
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