…y six years between recessions; the current period of growth crossed the six year mark this spring. We are statistically much closer to the next recession than to the last one, and in a recession, ad dollars are the first to go. Many papers will go bankrupt the way Hemingway’s Mike Campbell did: Gradually, and then suddenly.
…t there isn’t one. All that’s happened is advertisers are leaving, classifieds first, inserts last. Business is business; the advertisers never had a stake in keeping the newsroom open in the first place. This disconnection between the business side and the news side was celebrated as a benefit, right …