Journalism Ethics: A Philosophical Approach

By Christopher Meyers | Go to book overview

12
The Decline of the
News Business

Rick Edmonds

At the December 2001 media week conference for investors, sponsored by Credit Suisse and staged in the grand ballroom of the Plaza Hotel, Arthur Sulzberger Jr. led the New York Times presentation team. Business was only fair after eight months of recession, but Chairman Sulzberger bantered lightly with then CEO Russ Lewis. Putting on his publisher’s hat, an exuberant Sulzberger turned to editorial matters. He bobbed on the balls of his feet at the podium as he talked about his flagship paper’s coverage of the September 11 tragedy and its aftermath, still unwinding in hundreds of “Portraits of Grief” profiles. “We absolutely own that story,” he crowed.

A lot has changed in the years since. The venerable Plaza quit the hotel business and mostly converted to condos. Credit Suisse was one of many investment houses to drop its newspaper analyst position, and ceded hosting the December conference to its competitor UBS. Sulzberger doesn’t come to these meetings anymore. His designee, CEO Janet Robinson, is a stern, all-business presenter. If she speaks of the New York Times content at all to investors, it usually is to tout growth of the luxury-advertiser-driven “T” magazine supplements.

With dismal 2008 results and 2009 expected to be worse still, there is no bounce left in the industry’s step. Clearly, newspapers have entered a race against time to trim costs as quickly as print advertising revenues are tumbling—more than 15 percent year-to-year as the current deep recession plays out. At the same time, newspaper execs—not exactly guys who cook up brilliant inventions in their garages—are pressed to experiment to find new, sustaining revenue streams. Success is by no means assured. Serious discussion has begun to turn to which prominent metro paper will fail first. Print, some new media critics say, could be largely a relic by early next decade.

-185-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Journalism Ethics: A Philosophical Approach
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 368

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.