San Jose Mercury News
"When we came to work here we came with a mission," writes
Mike Cassidy in his column about the Knight Ridder sale. "We wanted to shine light in dark corners and make the world a better place. We wanted to expose corruption. We wanted to provoke thought, debate and, yes, laughter. ...I don't believe that a newspaper is nothing more than a money machine. If you do, dear reader, then we have failed miserably in our commitment to you."
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KR case shows that even substantial expense cutting may not protect media businesses from sales forced by investors unhappy with short-term profit shortfalls.
(Nieman Watchdog)
