Newspapers aren’t assets to be flipped, leveraged, and stripped.

Slate Magazine Newspapers aren’t assets to be flipped, leveraged, and stripped. Each time a newspaper company closes or files for bankruptcy-as Sun-Times Media, the owner of the Chicago Sun-Times and 58 other newspapers, did this week-analysts are quick to hammer another nail in the coffin of the printed word. Roughly coinciding as they do with the advent of the Kindle 2, the failures give ammunition to voices who say newspapers are obsolete. Now that both of the Second City’s major newspapers are operating under the umbrella of Chapter 11, and with papers in Denver and Seattle shutting down, it’s tough to argue with those who say the industry has useless management, a fundamentally unviable business model, and not much of a future.[more …] …………………………………………………… http://feedproxy.google.com/~r/slate/~3/La2FYZ_gkz8/

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