Comments on: ‘The Journal Star may not be doomed after all’ http://pundit.blogpeoria.com/2008/10/28/the-journal-star-may-not-be-doomed-after-all/ News and Media from River City Sun, 07 Jun 2009 16:35:40 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Joe SixPack http://pundit.blogpeoria.com/2008/10/28/the-journal-star-may-not-be-doomed-after-all/comment-page-1/#comment-8759 Joe SixPack Wed, 29 Oct 2008 18:33:03 +0000 http://pundit.blogpeoria.com/?p=3912#comment-8759 Amen to that. Blogging is a fad right now, but I don't see much a longterm impact on the mainstream media.You can't put Pepsi Cola out of business by opening a lemonade stand. Amen to that.

Blogging is a fad right now, but I don’t see much a longterm impact on the mainstream media.You can’t put Pepsi Cola out of business by opening a lemonade stand.

]]> By: anotherexjser http://pundit.blogpeoria.com/2008/10/28/the-journal-star-may-not-be-doomed-after-all/comment-page-1/#comment-8745 anotherexjser Wed, 29 Oct 2008 05:21:57 +0000 http://pundit.blogpeoria.com/?p=3912#comment-8745 I don't pay too much attention to what Michael Reed says. He seems to live in an alternate reality. The plan GateHouse filed with the NYSE to get its stock back into compliance was wishful thinking, and it didn't take long for the exchange to realize it. The stock closed on the pink sheets at 5.5 cents Tuesday, down from 6 cents. Fortress is not in such great shape, either. I do have more hope for the Journal Star, though. I believe it's still profitable, and it will go on, regardless of what happens to its step-parent. I wish more people realized what's at stake as the newspaper death spiral accelerates. I don't care how many blogs, Twitters, cable news networks and local TV stations there are. Newspapers still do most of the heavy lifting in this country when it comes to keeping citizens informed. I hope it's not the case that we only miss them when they're gone. I don’t pay too much attention to what Michael Reed says. He seems to live in an alternate reality. The plan GateHouse filed with the NYSE to get its stock back into compliance was wishful thinking, and it didn’t take long for the exchange to realize it. The stock closed on the pink sheets at 5.5 cents Tuesday, down from 6 cents.

Fortress is not in such great shape, either.

I do have more hope for the Journal Star, though. I believe it’s still profitable, and it will go on, regardless of what happens to its step-parent.

I wish more people realized what’s at stake as the newspaper death spiral accelerates. I don’t care how many blogs, Twitters, cable news networks and local TV stations there are. Newspapers still do most of the heavy lifting in this country when it comes to keeping citizens informed. I hope it’s not the case that we only miss them when they’re gone.

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