Newspapers enjoy child-labor law exemptions, subsidies on ink and paper, special mailing rates, anti-trust exemptions, a pass on libel, tax exemptions, subsidized editorial content, traffic law exemptions, and their writers double-dip taking money from the newpaper and also from government. And they are still going out of business.
The New York Times may be gone in May, and the Seattle PI announced it is for sale, and if no buyer, then it will simply close.
All these anti-competitive benefits, and they still go under? Exactly, without competition, you cannot survive: free markets 101.
Anyone opening a free market newspaper would probably do quite well right now.
Sunday, January 11, 2009
Trade Leads: Newspapers
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