A quality rant from Athenae.
Too often what's left out of the conversation about newspaper declines is the simple fact that owners have made some really shitty business decisions. I don't mean in terms of failing to innovate or whatever, I mean basic financial decisions. In the worst cases they've just looted the place, in other cases they've taken on unsustainable amounts of debt.
I certainly think that it's true that the business model for print journalism is threatened, but in some cases it's simply the businesses that are threatened because they were poorly run.
