[lbo-talk] Crisis in the US newspaper industry

Wojtek Sokolowski swsokolowski at yahoo.com
Fri Feb 27 04:25:54 PST 2009


http://news.bbc.co.uk/2/hi/americas/7913400.stm

I wonder if this is an opportunity for larger public ownership of newspaper industry. The benefits of public ownership are two-fold: (i) insulation from market competition which invariably causes a race to the bottom; and (ii) insulating from advertisers which invariably causes pro-business slant (or at least fear of criticizing business).

Wojtek



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