http://www.google.com/hostednews/ap/article/ALeqM5i7pEEJ6O5hFBc9IhqCsnos91yhTgD9C9I0201
As newspapers lose revenue and struggle with outstanding debt, their lenders are poised to take ownership of them. A significant number of large publications face the possibility that their most viable option is to give their lenders, in many cases banks, part or complete ownership.
William Dean Singleton, chairman of the Associated Press, had an optimistic view of all this that sounded like it made sense. I agreed with his analysis that banks wouldn’t want to destroy these papers that they would be looking to sell off in a few years’ time.
There was another person quoted whose opinion was that “new blood” would be good for the industry. This is a definite possibility, especially because lenders might take a more business-oriented approach.
Even if the “church” suffers in this, it might be worth it in the long run for survival as a whole. Maybe the “state” side needs to step in like it would for a nation at war – or in a recession – and expand its influence and power so as not to perish.
