Opinion: Newspapers Squandered Their Monopoly-Period Earnings and Now Blame Google and Fb

A newsstand in NY city in 1982 on the peak of newspaper circulation in the USA. Picture through Wikimedia Commons

Three many years in the past, when America’s native newspapers have been at their peak, I attended a dinner for publishers at a mid-sized chain. After dinner, the president rose to talk and requested everybody to clap for one writer whose newspaper had exceeded a 50% revenue margin within the earlier month.

At a 50% margin, half of each greenback from subscribers and advertisers went on to the underside line. Positive, there was depreciation to account for, and a few

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