Hearst Invests in Dying Business
William Randolph Hearst built his publishing empire one newspaper at a time. The heads of his company, the Hearst Corporation, are determined to follow in his footsteps, despite all signs that maybe that isn’t the best idea.
Today, Hearst — already owners of 16 daily and 49 weekly newspapers, including the Houston Chronicle and the San Francisco Chronicle — announced it bought eight more of ink-stained wretches from MediaNews Group, Inc. The “jewel” of the bunch is the Connecticut Post (and its companion Web
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