Good analysis of the newspaper industry crisis

Jack Schafer of Slate asks what’s killing newspapers and answers with a round-up of the problems the industry is confronting. He concludes:

It appears to me that most newspapers—by choice or by necessity—have made the ‘decision to liquidate,’ to steal the phrase from Philip Meyer’s excellent 2004 book, The Vanishing Newspaper: Saving Journalism in the Information Age: They’re cutting costs, cutting staff, cutting pages, cutting features, cutting quality, and will continue cutting until the last reader and advertiser depart. (Local TV news looks to be following a similar script.)

I keep waiting for one of these distressed, failing newspapers to realize that it has nothing to lose and get a little crazy and create something brand new and brilliant for readers and advertisers. I keep being disappointed.

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