The WSJ Thrives When Other Papers Die
It’s never pleasurable when we report on the decline of the newspaper industry. We always heave a heavy sigh, pick up the pen…urgh laptop, and start writing. According to The Australian Business, Robert Thomson, publisher of the Wall Street Journal, might actually be doing a happy dance every time he reads our reports.
So far this year at least four major US newspapers have closed or moved entirely online, hit by a near one-third decline in advertising revenue, which has made it more difficult to service their large debts.
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