All Posts Tagged With: "rescue"

That would be the ailing, failing newspaper industry. Matt Welch writes:

Here’s a new holiday cocktail for you: Combine one part bailout seasoning with another part perennial journalistic self-pity, pour it out over the Christmas/New Year’s publishing interregnum and presto!—it’s time for patriotic men and women to get behind a government rescue of what was until very recently one of the most profitable sectors in the United States: The newspaper industry.

“We’re more worthy of a bailout than the jokers on Wall Street,” argued Kansas City Star columnist Jason Whitlock on Dec. 20. “You can’t have a democracy without us. If newspapers are dying, so is our system of government.”

Quite. Without < target=”_blank”a href=”http://www.kansascity.com/179/story/275496.html”>Whitlock in the trenches covering the Big 12 North conference, how is the Republic to survive?

Welch quite poignantly gets to the root of the newspaper “crisis” and challenges the lamenting of its journalists:

Blaming the customer is the second-to-last refuge of any crappy industry, business, or organization (the last refuge being asking for a handout on Capitol Hill). As my ex-L.A. Times colleague and current Reason magazine Contributing Editor Tim Cavanaugh has noted in our pages, the paper we both short-timed for was filled with people making jokes about whether we could just “fire our readers.” Over the recent holidays, an entire journalistic Festivus celebration of customer-blaming broke out over New Yorker finance columnist James Surowiecki’s lament that, “The real problem for newspapers…isn’t the Internet; it’s us. We want access to everything, we want it now, and we want it for free.” To extrapolate, if only us greedy human beings would realize that our very democracy was at stake, that we “are taking an active step in the formation of a country without a civic conscience,” then we’d damned well volunteer to pay an unnecessary premium to keep our finest journalists in permanent six figures. Sounds precisely as convincing as the argument that enlightened voters will surely agree to pay extra taxes so that political campaigns can be financed through “clean” money.

At the risk of alienating what few old newspaper pals of mine still have jobs, the industry they (and I!) so cherish, which has suffered mind-blowing valuation losses and several dozen rounds of downsizing both in personnel and column inches, is still bloated after all these years, with costs that no publisher would dream of incurring if he was starting a newspaper from scratch in 2009.

It’s an excellent column and worth the read.

As Congress continues to debate this morning about a monstrous bailout plan to rescue our economy from an impending complete collapse, as we continue to be told, let’s review what one of the candidates to lead our nation has said — not once, not twice, but at least 18 times …

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