Last week, News Corp head honco Rupert MURDOCK was quoted as saying that advertising sales appear to have bottomed out in the last few weeks of September (versus last year, at least) which triggered a bounce in a number of the remaining newspaper stocks (Tribune, New York Times) .
In Canada, Canwest was again given another reprieve, presumably based on the possibility for the upcoming CRTC hearings about CableTV "passthrough" to generate some revenue for Global, CTV and CBC broadcast operations.
As I am becoming more and more disgusted with many other newspapers (Mindy JACBOBS at Edmonton Sun, Antonia ZERBISIAS at Torstar plus many others at Globe&Mail and CBC) it struck me that "the rubber may finally be hitting the road" in regards to such upsetting fringe journalists, who only survive on the basis of being granted tenure by publishers who wish to seem "balanced" or are content to stir the pot by having such deranged individuals writing for them. The only reason for this has been the monopoly power of the major news media to finance such vanities by ad revenue. That revenue base is eroding - rapidly. With the growth and popularization of the web blogger, much of this power is transferred back to individuals. There is no need to support newspapers that do not provide a serive of value - like independently providing a "news service" rather than filtered ideology.
In this spirit, I fell across this story in the Daily Mail (2009Sep14 - A million march to US Capitol to protest against 'Obama the socialist') newspaper that I seriously DO NOT recall at all.
Here was another blogger comment on the event, referencing other blog sources.
Here is another blogger who feels the same.
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