Reply #19: The Press Isn't Tanking, It's Been Sunk and Shut Down

[Demeter]

The readers have fled in droves because the quality is now negative, the advertisers have responded by pulling their advertising money out of print, and now the publishers whine that they are losing money and shut down.

The same thing will happen to broadcast TV, then cable TV, and lastly to radio. Radio start up costs are not prohibitive by comparison, so the people have a chance to set up independent broadcasting. And anyone can play on the Internet.

The regulatory structure which permitted the consolidation of ownership will have to be dismantled and laws protecting the public interest in access will have to be structured before we see any renaissance in media.