Monday, January 26, 2009

The business of news

"[Mexican financier Carlos] Slim may believe that newspapers are just another business. He is entitled to this view. Most journalists, for their part, believe that this isn't -- and can't be -- the only way that newspapers are evaluated. Where many of them err, however, is in thinking that newspapers can somehow transcend -- or float free of -- the most basic principles of profit and bottom line. Slim is here to bring them down to earth."

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