[Nothing in this Times account will come as a surprise to readers of the Death Watch, although there’s a good point about consolidation of local businesses into national chains affecting advertising. This piece is mainly a mashup of the doom-and-gloom that has pervaded the industry for the last year or so. – Ed.]
[David Black has made a fortune investing in newspapers (he owns 175 of them) and he’s actually stepping up his investments as the industry turns down. Black sees opportunity in being on every doorstep in the communities his papers serve. Although he’s been criticized as a bottom-feeder, his strategy has worked. – Ed.]
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