This article was submitted by Demetri Parides.
Posted Sunday, September 27, 2009 10:59 AM
Don’t Bail Out Newspapers–Let Them Die and Get Out of the Way
Nobody in their right mind believes the future of the news business involves paper and ink rather than pixels on a screen. We all know where the news business is headed, and what’s more, we’ve known it for at least a decade. So why on earth are people talking about a bailout for newspapers? Why is President Obama saying he’d consider it? Why is Congress holding hearings and considering “The Newspaper Revitalization Act” in a bid to save these ailing old rags with tax breaks and other handouts? It’s like introducing legislation to save horse-drawn carriages, or steam engines, or black-and-white TV. It’s stupid. It’s pointless. It won’t work….