24 Jul, 2007 from washingtonpost.com - Eugene Robinson -- Washington Post Columnist (washingtonpost.com)

The Journal And the Mogul

Everybody knows the newspaper business is facing, shall we say, a few challenges. Make that a few calamities -- sliding circulation, anemic advertising, the rise of the Internet and the reluctance of Web surfers to attach monetary value to our deathless prose. So when a billionaire mogul with ink in his veins wants to purchase one of the nation's finest (and most perilously challenged) newspapers, bidding two-thirds more than Wall Street says the paper is worth, you'd think the whole industry would be delirious with joy.

Eugene Robinson Tue, 24 Jul 2007 00:00:00 EDT

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Source: http://www.washingtonpost.com/wp-dyn/content/article/2007/07/23/AR2007072301363.html?nav=rss_opinion/columns
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