Sunday, November 16, 2008

Federal bailout for ailing newspapers?

Newsweek's Jon Fine (pictured), with tongue planted firmly in cheek, explains how a bailout could happen. "We can position this as a proactive move to save the only industry prominently mentioned in the Bill of Rights. (Our message team likes that last bit. You'll hear it a lot.) This industry employs over 52,000 journalists, thousands of other workers, and it faces unprecedented challenges," Fine writes. "I recognize some may perceive all this as an admission of defeat. But let's feel a sense of opportunity, not shame. And always remember how your business differs from the other supplicants. No newspaper ever bankrupted a country or peddled a product as patently putrid as the Pontiac Aztek."

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