After noting that the New York Times Company's credit rating has been given junk status Standard & Poor's, Guido Fawkes writes: The Dead Tree Press is a dead industry walking.
He continues: "It is not a 21st century business model: slaughter half a forest of trees, pay NUJ rates for news gathering, sub-editing, laying out, employing friend's children, transferring ink onto aforesaid trees, then pay people to work all night sending the slices of dead trees around the country in the middle of the night on lorries. Finally when you get to the point of collecting some money, split the sales revenue with the people who take the money. It is laughable.
"Last year The Guardian, Independent and Telegraph all lost money. There is a good chance they will repeat the feat again this year. That is not business, that is vanity publishing." (I'm not certain he's right about the Telegraph, nor even The Guardian if it's detached from The Observer, but I think we all get his drift).
