One hell of a piece on the future of newspapers

From Alan Mutter over at Reflections of a Newsosaur:

The bitter irony for the newspaper industry is that the desperate reductions in staffing and newshole are compromising dangerously the quality of the products that built each of its valuable franchises. The compromises, which typically dismay most loyal and discerning newspaper readers, are likely to speed the declines in circulation and sales that are the root cause of industry’s faltering profitability.

Thus, publishers are caught in a vicious, downward spiral with no easy way out.

But, wait, it gets worse.

Read the whole thing – it’s not terribly long.  And I’d love to get a reaction from anyone out there who works in journalism.  Nothing Mutter is saying is really new to me (except the figures he provides on the obscene profit margins of newspapers), but, like everyone else, he doesn’t end with a clear picture of what needs to happen in the future.  That’s one question that I’ve yet to see a good answer to.

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