Follow the Media faces closure

One of the best media analysis sites, Follow the Media, is set to lose next Friday (May 16) unless it can raise €35,000 (£27,600). It doesn't explain why, but I'd guess that it cannot attract enough advertising. The irony is that its major contribution during its four-year existence has been the recording of similar financial dramas affecting the newspaper industry. If it does close I will miss the commentaries by Philip Stone. Here's his latest contribution.