So when does the government step in to bail out the Fourth Estate? How does the industry extricate itself from Wall Street? Perhaps go into non-profit status. Well, legally. They’re already claiming to be there fiscally …
(Thoughts prompted by the 1,400 layoffs across the Gannett chain this week.)
I think the industry is broken in so many ways that a bailout couldn’t possibly save it. I think we’ll see more small non-profit web-only news sites. Like the voiceofsandiego.org, which was profiled in this times article:
http://www.nytimes.com/2008/11/18/business/media/18voice.html?sq=voice%20of%20san%20diego&st=cse&adxnnl=1&scp=5&adxnnlx=1228406505-PqyLpcwH7bZjG3fSEveytA