August 6, 2013
MEGAN MCARDLE: Can Bezos Save the Washington Post From Print’s Dismal Economics? “Old media right now is like a camel, living off stored fat. But that can’t go on forever, and it won’t. The new line on old media is that they brought this upon themselves by reacting to their advertising declines in exactly the wrong way — cutting staff, which generally means cutting quality and depth of reporting.”
Some of us have been saying this for a while.