A 10-point plan for the government to shore up local newspapers (From The Seattle Times' publisher)

The Big Ragu · Apr 26, 2023

Azrael said:
BuzzFeed News’ business model turned to dust because they were always at the whim of mercurial tech titans | James Hennessy

It didn't earn any money. A company like that never exists in the first place, without distorted debt markets promulgating a survival of the unfittest environment.

The company wasn't at the whim of "mercurial tech titans." It was was at the whim of central banks disorting debt markets with zero percent intrest rates to make it so that things that lose money can keep borrowing and selling equity. And it "turned to dust," when the consequence of that -- monetary inflation -- became enough of a problem that they felt forced to let interest rates rise a little.

Without the ability to ride a monetary bubble, the company -- which wasn't viable because it didn't earn money -- ended.

Peter is kind of ridiculous at times. ... but I saw this the other day, and it is mostly correct.

jr/shotglass · Apr 26, 2023

I think I'll reserve judgment: Lancaster (Pa.) Newspapers has struck a partnership with its closest PBS station in Hershey to operate as a non-profit.

At least they didn't get chewed up by Gannett like almost every other newspaper around here.

WITF+LNP - Enriching lives together.

Mr. X · Apr 26, 2023

jr/shotglass said:
I think I'll reserve judgment: Lancaster (Pa.) Newspapers has struck a partnership with its closest PBS station in Hershey to operate as a non-profit.

I believe I once read on this board, "Non-profit is a tax status, not a business strategy." Do you agree?