Newspapers: The Rise and Decline of Modern Journalism. Chapter 3.
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“U.S. newspapers have lost readers as well as their near monopoly on classified advertising, much of which has shifted to popular Web sites like craigslist.com. By early 2010, newspapers’ advertising revenues seemed to be in freefall, along with their stock price. Industry observers began asking, ‘Can this mass medium survive much longer?’ ”
“…Reporting is absolutely an essential thing for democratic self-government. Who’s going to do it? Who’s going to pay for the news? If newspapers fall by the wayside, what will we know?”*
*John Carroll, “News War, Part 3,” Frontline, PBS, February 27, 2007, http://www.pbs.org/wgbh/pages/frontline/ newswar/etc/script3.html.