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Author: Sanford C. Bernstein & Company
Cited by: David Price 12:48 PM 27 June 2009 GMT
Citerank: (9) 21261Journalism fundamental to democratic societyThomas Jefferson (January, 1787) "...were it left to me to decide whether we should have a government without newspapers or newspapers without a government, I should not hesitate to prefer the latter.”1198CE71, 21262Newsaper profit margins diminished or disappearedMany of the world renowned newspapers are heavily indebted, have little cash in hand, and their profit margins have diminished or disappeared.959C6EF, 21264Turn newspapers into nonprofit, endowed institutionsTurn newspapers into nonprofit, endowed institutions—like colleges and universities.959C6EF, 21278Average profit margin at the Washington Post down 25%Average profit margins at The Washington Post over the past five years have been about 25 percent less than what they had been in the previous 15 years.1198CE71, 21279Average profit margin at The New York Times down 50%The average profit margin at the New York Times is around 50% less over the last five years than over the preceding 15 years.1198CE71, 21281Significant decline in foreign correspondents and bureausThe number of American correspondents reporting from abroad fell by 25 percent from 2002 to 2006, and only a handful of American newspapers now operate foreign bureaus.1198CE71, 129026Significant decline in foreign correspondents and bureausThe number of American correspondents reporting from abroad fell by 25 percent from 2002 to 2006, and only a handful of American newspapers now operate foreign bureaus.1198CE71, 129027Online ad revenues insufficient to sustain robust news coverageOnline advertising revenues that newspaper web sites generate aren't sufficient to sustain robust news coverage.1198CE71, 129054Journalism fundamental to democratic societyThomas Jefferson (January, 1787) "...were it left to me to decide whether we should have a government without newspapers or newspapers without a government, I should not hesitate to prefer the latter.”1198CE71 URL:
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| Excerpt / Summary “The notion that the enormous cost of real news-gathering might be supported by the ad load of display advertising down the side of the page, or by the revenue share from having a Google search box in the corner of the page, or even by a 15-second teaser from Geico prior to a news clip, is idiotic on its face.” |