Newspaper Profits Win Out Over Racial Progress

Reporting on last week’s closure of the 150-year-old Denver Rocky Mountain News, Juan Gonzalez and Amy Goodman (Democracy Now!, 2/27/09) give us the financial backstory behind the fact that “the newspaper industry is going through a major, major upheaval in these last few days”: “A lot of the papers ended up being bought in recent years, and their owners took on heavy debt to buy these papers out, and now they’re finding now that the debt, the burden of the debt, plus the declining ad revenues, is creating major problems for them.” That said, Gonzalez tells why he is “especially […]