[I]n the past week alone, the NY Times decided to borrow $225 million against its headquarters, the Tribune Company filed for bankruptcy, and top Washington Post executives agreed to a salary freeze, while talking of the need for "fundamental changes." Layoffs hit NBC, Viacom, Time, and NPR.As much as the corporate media drives us collectively mad, we need them. America can't afford to have fewer journalistic resources keeping our government, and corporate America - our entire society - honest.
And today comes word that Newsweek is cutting pages and staff.
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