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January 29, 2009

EL 200: The end of origins

"The paper’s credit crisis comes against a backdrop of ongoing and accelerating drops in circulation, massive cutbacks in advertising revenue, and the worst economic climate in almost 80 years. As of December, its stock had fallen so far that the entire company could theoretically be had for about $1 billion. The former Times executive editor Abe Rosenthal often said he couldn’t imagine a world without The Times. Perhaps we should start." (Hirschorn)
A reality that we, consumers, will have to deal with at some point in time. I think it's sad that former leaders of the Free Country have made it possible for an economic decline. That's why so many businesses are going under. And for us up-and-coming journalists, where will those jobs be? If a major newspaper is about to go under, there is a great possibility that local papers will to. That's a scary thought. Not to be able to walk in the local 7-11(convenient store) and buy a newspaper. Only the online world will carry the news. As for those who are not computer literate, you're screwed. What a way to end civilization, but I guess only the strong will survive. In the attempt to save print, good writers and long time journalists will be cut as a sacrifice. That's why I have doubts about becoming a journalist.