Out-Law.com
Craigslist CEO
Jim Buckmaster contends the financial position of newspapers hasn't declined, "it has more plateaued." He says in a
podcast:
"Journalism as practiced at newspapers has been hurt by an excess of money over the years as you've seen newspapers bought and sold and consolidated into large chains run by corporate managers to maximize profit, and increasingly over decades have resorted to running wire stories, putting an ever-greater proportion of advertising into their newspapers and shying away from writing hard-hitting stories about corruption in high places."
