 Posted: Mon, Sep 28 2009, 8:52 pm EDT Post subject: Bailout for newspapers? Why is President Obama saying he'd consider it? |
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| Nobody in their right mind believes the future of the news business involves paper and ink rather than pixels on a screen. We all know where the news business is headed, and what's more, we've known it for at least a decade. So why on earth are people talking about a bailout for newspapers? Why is President Obama saying he'd consider it? Why is Congress holding hearings and considering "The Newspaper Revitalization Act" in a bid to save these ailing old rags with tax breaks and other handouts? It's like introducing legislation to save horse-drawn carriages, or steam engines, or black-and-white TV. It's stupid. It's pointless. It won't work.
http://blog.newsweek.com/blogs/techtonicshifts/archive/2009/09/27/don-t-bail-out-newspapers-let-them-die-and-get-out-of-the-way.aspx |
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