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"

"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.

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."

Media Companies Spin Off Newspapers, to Uncertain Futures - NYTimes.com