I was listing to Morning Joe this morning while getting dressed. He was lamenting the impact that big biz has had on local newspapers. His argument is that local news papers are quite profitable and big business keep demanding more from them. they have to essentially cut bone in order to serve the fat cats needs for profits.
Newspapers are not "quite profitable" because circulation has fallen dramatically and ad rates are based on circulation.
Venerable papers like the New Orleans Times Picayune have cut to 3 day a week publishing. Companies like the New York Times are losing money on their print journals.
"Big business" is not the problem... it is the loss of almost all classified advertising and the loss of nearly all automotive, too. And very few people in the younger generations even buy a paper any more...
Printed papers are an anachronism for those under 50.