No one in government is going to back a newspaper bailout and no one should… If newspapers aren’t producing news in a format that people want to purchase, it’s the industry’s problem. If Detroit isn’t producing cars people want to buy, that’s Detroit’s problem - not the taxpayers’..
Monday, November 17, 2008
A bailout for newspapers?
Since the feds are offering bailouts to just about everybody who wants help -- AIG, Bear Stearns, home buyers who overextended themselves with mortgages they couldn't repay, maybe the auto industry -- why not newspapers? Joan Vennochio at the Boston Globe says that's a bad idea: