Meet the new boss . . . a lot like the old boss

MEET THE NEW BOSS... A LOT LIKE THE OLD BOSS
[SOURCE: Miami Herald, AUTHOR: Edward Wasserman]
[Commentary] Can local ownership of newspapers -- by "hometown rich guys" -- save the industry and provide a stable business environment in which journalists can serve the public with quality work while returning a modest profit to owners? Wasserman is skeptical. These "hard-driving, fabulously wealthy individuals" made their money, after all, "by cutting corners, cutting costs and...cutting throats." True, Wall Street can be tough -- and stupid -- but the problems the news business faces aren't Wall Street's fault. They derive from the need to reformulate a business model that will enable news organizations to sustain themselves in the Internet age so they can continue to nourish the rest of us.
http://www.miami.com/mld/miamiherald/news/columnists/edward_wasserman/15882324.htm