FT.com / Companies - Newspapers turn into rich mens’ toys: "When Gannett, the owner of USA Today, told its employees last week that they would each have to take a week’s unpaid leave, it was “the crowning blow in making us look like the auto industry”, one former editor told Alan Mutter, the newspaper veteran and blogger.
Unlike Detroit, however, the newspaper industry is looking to wealthy individuals rather than government to bail it out."
Tuesday, January 20, 2009
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