“The problem is that the transition might have been smoother if the people running the industry didn’t have so much contempt for their own product. Now the institutional gravitas of these news organizations has leeched away. The Baltimore Sun used to have 500 reporters, morning and evening editions, and now they have 120. And the product reflects that, and these cuts were made before the Internet. They were made because some Wall Street analyst decided that you could make much more money putting out mediocre newspapers with less coverage and less reporters. And they were right in the short term. But in the long term, they were showing contempt for their readership and contempt for their own roles in society. Rather than papers of record, they became half-hearted attempts to provide a surface level of coverage.”
(Other than that, I got nothing.)