Big Media's Many Similarities to the Big Three

As media company after media company fall on hard times, the amount of handwringing within the journalistic community is reaching epic proportions. One point not often noticed, however is that there are many similarities between the American media business and our auto manufacturing industry as Tony Hopfinger points out in an excellent Alaska Dispatch post:

There are many reasons for the downturn - a weak economy, the Internet, etc. But one explanation that often goes unmentioned is the generally poor management within the newspapers themselves. It's surprising how many editors, publishers and executives have been allowed to keep their jobs as their papers crumble around them. In any other business, these managers would be replaced. Instead, failures are blamed on "markets" and "ad dollars" and "the Internet," instead of lack of vision and poor leadership.

[another: quality of product ]

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