Stop the press! The future of US journalism

The Independent by Stephen Foley | Mar. 11, 2009 (Special Report)

It is 4 July 2009, Independence Day in the US, and there are fireworks online. A nation of internet users log on, click for their favourite newspaper sites to catch up on the weekend news, only to be stopped in their tracks. On website after website, the following message: "Dear reader. In order to save the newspaper industry and promote quality journalism, it has become necessary to begin charging a subscription for online access. Click here to enter your ... Full Story »

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by Dan Kennedy - Mar. 11, 2009

There is so much missing from this story that it's hard to know where to begin. Start with this: There is no mention whatsoever of the ruinous debt laid on top of these legacy papers by a succession of corporate owners. Many papers would be profitable to this day were it not for that debt.