http://poynter.org/forum/?id=memosDear Newsday Friends and Colleagues, On March 8th -- International Women's Day -- my leave of absence from Newsday ends. I will not be returning to the paper, largely because my work at the Council on Foreign Relations has proven to be the most exciting challenge of my life. But you have been through so much pain and difficulty over the last year, all of which I monitored closely and with considerable concern, that I don't want to disappear from the Newsday scene without saying a few words. Indulge me.
Ever since the Chandler Family plucked Mark Willes from General Foods, placing him at the helm of Times Mirror with a mandate to destroy the institutions in ways that would boost dividends, journalism has suffered at Newsday. The pain of the last year actually began a decade ago: the sad arc of greed has finally hit bottom. The leaders of Times Mirror and Tribune have proven to be mirrors of a general trend in the media world: They serve their stockholders first, Wall St. second and somewhere far down the list comes service to newspaper readerships. In 1996 I personally confronted Willes on that point, and he publicly confirmed that the new regime was one in which even the number of newspapers sold was irrelevant, so long as stock returns continued to rise.
MORE at Link
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
