The superhighway of information has a toll

The Tribune Company, owner of the Chicago Tribune, the Los Angeles Times and other down-on-their luck newspapers, emerged from Chapter 11 bankruptcy after four years this week. Its first move will probably be to sell off the papers cheaply and focus on cable television.Lee Abrams, its former “chief innovation officer”, once suggested implausibly that papers were in such trouble that the US government might choose to bail them out, along with banks and car manufacturers. The Feds would “focus on this ultra-elite point five per cent and create these papers that are just unreachable to a mass audience,” he said.

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