This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Well lets see here. In 1965 the KC Star was bringing down 1.5 million per year. 70% of that 1.5 million went to operating costs so we subtract 1,050,000 from that for a net of 450,000.
New building, new presses, and distribution system, costing 286 million dollars after cost over runs and swallowing additional completion costs so at that rate, they'll have the new digs paid off in, oh, just a tad over 635 years!
Bwhahahhahaha! Of course this assumes that Pruitt doesn't need to dip into the cookie jar to refund the home office slush fund.
I like to read the local newspaper Sun Sentinel online. But the idea of having to go out early in the morning a fetch a paper copy of it is now repugnant to me.
Practically none of my neighbors gets a paper copy anymore, except one neighbor who is in his late 60s. A paper newspaper seems so quaint . . and what a hassle to dump in the trash with all of those ads on Sunday
All in all, am delighted with the loss of the traditional newspapers. These papers thought they were well-loved, when in reality they were only tolerated because they had a monopolistic stranglehold on local news.
After they trained me to look elswhere for my news, why on earth would I now reward them and pay $6 for yesterdays news when I have internet?
All this tired discussion on whether the media decline is cyclical or secular is complete BS.
These articles are missing the biggest factor; that is, how media companies such as the New York Times, MSNBC, and CNN are betting their businesses on particular ideologies and, in doing so, alienate at least 50% of the available market, given the current political polarization of the country.
That means their financial fortunes fluctuate with the swinging political pendulum
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