Friday, April 15, 2005

How Profit Became King

The here-and-now hot topic in newspapers these days is, as Richard Reeves has put it, "the future of journalism -- if any." Will Craigslist and Monster crush the industry's classified advertising cash cow? Is the blogosphere the leading edge of a mass exodus to reading news online and in non-traditional formats? Are news-aggregators poised to strip-mine expensive-to-produce content out of economically challenged papers?
Worthy questions all. But the companion story of how newspapers may have weakened themselves by weakening their commitment to news and public service remains highly relevant. It was not so very long ago -- the 1970s and 1980s -- that a high-minded commitment to quality and business success seemed entirely compatible. The Knight-Ridder chain was exemplary back then, a coast-to-coast enterprise that grew and prospered and consistently produced first-rate journalism.

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