What it does is efdfectively demolish the argument that state subsidy is the way to save the ailing newspaper industry
Few industries in this country have been as coddled as newspapers. The government doesn't actually write them checks, as it does to farmers and now to banks, insurance companies and automobile manufacturers. But politicians routinely pay court to local newspapers the way other industries pay court to politicians.
But maybe this is the quote that seals it
If General Motors goes under, there will still be cars. And if the New York Times disappears, there will still be news.
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