Murdoch: says newspapers stripped to the bone--no more cuts
"They have already all stripped all the costs out, now they have to depend on advertising. And that is certainly under threat.. . . Outside New York, it's all monopoly newspapers," Murdoch added. "Some have good work in them, but it tends to be over-written, boring and elitist, not a reflection of the general mood of the public.
"And I think you're going to find their circulations falling more than they have already have."
I have been asking what happens if the old media dies before the new media has the business models to support the quality of journalism that we need in our society. Media is how society thinks, and we have some big issues ahead for which we need a thriving and robust and professional media.
Related: What happens if the old media dies too soon? The urgent need for solid online news media business models