Friday, October 24, 2008

Voodoo newspaper economics

The formidable problems of the newspaper industry won’t get solved if industry leaders substitute voodoo economics for rational discourse. So, let’s dispense with some of the bad juju we have heard in the last couple of days.Voodoo Economics 101Not once, not twice but five times, Gary Pruitt, the chief executive at the McClatchy Co., told stock analysts that the sagging sales and profits at his

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