"If I covered only the newspaper industry, first of all I would have been fired a long time ago; secondly, I would have had to kill myself."
Goldman Sachs equity analyst Peter Appert talks to Reuters
I found the quote on Corante. In a piece by Vin Crosbie about the death of the American newspaper business. The death causes?
The major one is simply that American newspaper companies have violated the Principle of Supply & Demand by failing to adapt their core product to a radical change in consumers' supply of news and information during the past 15 years.
Vin promises more on Friday in Part Two.