Editorial cost-cutting won't halt newspaper decline

Woe are we who ply the trade of newspaper journalism. Philip Stone's latest essay on the declining state of US papers sees the plight of the industry through the prism of the past years when publishers sat back and reaped the rewards from bloated advertising income. But he argues that editorial cost-cutting to compensate for decreasing income is not only not the answer but is also contributing to the problem. (Via Follow the media)