What the Federated acquisition of May Dept. Stores means to local newspapers

The loss of pages and pages of advertising.


I do think this is important because local newspapers are essential to an informed citizenry. And right now, newspaper readers get the paper for not much money, because the distribution is subsdized by advertising (e.g., the first line of the average textbook on media economics states something like "the business of journalism is to provide audiences to advertisers.")

Despite everything written about citizen journalism and blogs, etc., most blog sites, including this one, don't "break" news. Maybe our interpretations are different, interesting, and better (or worse), but we rely on what so many pejoratively refer to as MSM (mainstream media) as the foundation of our content.