"Jeff Bezos, an avatar of digital innovation as the founder of Amazon, came out of nowhere and plunked down $250 million for The Washington Post. His vote of confidence in the future of print and serious news was seen by some — including me — as a sign that an era of “optimism or potential” for the industry was getting underway.Media Companies Spin Off Newspapers, to Uncertain Futures - NYTimes.com
Turns out, not so much — quite the opposite, really. The Washington Post seems fine, but recently, in just over a week, three of the biggest players in American newspapers — Gannett, Tribune Company and E. W. Scripps, companies built on print franchises that expanded into television — dumped those properties like yesterday’s news in a series of spinoffs."
Monday, August 11, 2014
Media Companies Spin Off Newspapers, to Uncertain Futures - NYTimes.com
Perhaps it's time for the NYT to change its tagline to "All the news that's fit to publish"