Depends on the point of view 

The Great Media Depression

The Great Depression was the darkest economic period in American history – yet it was consistently cited by the mainstream media as a point of comparison in 2008. Network news shows referred to the Great Depression 42 times just in the first four months of the year, nearly three times per week. [snip]

Given this news, perhaps the depression is relegated to just one sector: the media

[snip]
Half a dozen newspapers said they would slash payrolls, one said it would outsource all its printing, and Tribune Co., one of the biggest publishers in the country, said it might sell its iconic headquarters tower in Chicago and the building that houses the Los Angeles Times. [snip]

Talk about bringing this on oneself. It just took time.

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July 1, 2008 at 11:57 am | Trackback

2 comments

1 Hotspur { 07.03.08 at 12:17 pm } 

I haven’t purchased a local newspaper in years. The Hartford Courant, New Haven Register, Middletown Press and Meriden Record are all the same, composed mostly of commercial print, hardluck stories, good citizenship articles (as long as the event is PC) and op-eds so watery, leftish, superficial and predictable you can read two lines and predict the next fifty. Then there are the letters in Cranks Corner. They make you want to open a vein, especially the letter columns that pander to the “opinions” of school children.

We have to hope that the paper is acid-treated to decompose entirely in 20 years, because as a record of our civilization, future historians will believe that we expired because of some epidemic moral and intellectual disorder. Maybe they’ll be right.

The free newspapers hanging from your mailbox…the Reminders and Shoppers, are worth more than periodicals you have to pay for. They’re also the future of the newspaper business.

2 Hotspur { 07.03.08 at 12:19 pm } 

One might ask how I know what’s in the newspaper if I don’t buy them. I use them for packing material.