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The Rapid Demise Of Print Journalism: Something To Mourn! | The Progressive Professor
As one who grew up a great fan of print journalism, what is happening in the present time is a great moment of depression. US News and World Report and Newsweek as print weekly magazines are gone. The Boston Globe, bought by the NY Times for $1.1 billion twenty years ago, has now been sold by the Times to John Henry, the owner of the Boston Red Sox, for $70 million, a fire sale at 93 percent discount! The Washington Post, in the Graham family for generations, has been sold to Jeff Bezos, the founder of Amazon, for $250 million, when it was worth much more than the Boston Globe twenty years ago. Print Journalism is in rapid decline, and newspapers, as we knew it, will never be the same, and that is a loss for journalism and for the American people. The New York Times, the Washington Post, and so many other newspapers now can only survive with online commitments, by this author and millions of others. Print Journalism played such an important role in American history,