Los Angeles Times | Toronto Star
"They do not buy newspapers to perpetuate the grand traditions of print journalism," says
Al Martinez. "They buy newspapers if they think they can make a buck out of them. If it doesn't work out, they sell them and buy oil stock or pharmaceutical companies or insurance agencies, organizations that can stick it to the people and get away with it." The LAT newsman predicts: "Whoever ends up owning us, there will be staff reductions, page reductions and probably quality reductions." ||
DAVID OLIVE: Newspaper owners now are desperately trying to preserve margins by destroying their venerable franchises with rounds of layoffs.
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Dire, short-sighted predictions about newspapers are getting old (EH)
