Warren Buffett Says All But 3 American Newspapers Are Doomed - What Does This Mean for You and Me?

Will newspapers go mercenary and sell their reporting and opinion to the highest bidder? Is this already happening? Has the wind industry already figured this out?

During a Q&A session at Berkshire Hathaway’s annual meeting, company chief Warren Buffett said he only saw longterm success for three American newspapers.

“No one except the Wall Street Journal, The New York Times and now probably the Washington Post has come up with a digital product that really in any significant way will replace the revenue that is being lost as print newspapers lose both circulation and advertising,” said Buffett as he fielded questions alongside longtime colleague Charlie Munger. “‘It is very difficult to see — with a lack of success in terms of important dollars rising from digital — it’s difficult to see how the print product survives over time.”

https://www.thewrap.com/warren-buffett-says-all-but-3-american-news...

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This well written article is now nine years old. The state of many newspapers is now much, much worse. Where are newspapers getting their revenue today?

"The watchdog role of the regional press is even more critical at the state level, where no one else is likely to step in when newspapers cut back. Consider my home state of New Jersey. With thirteen full-time reporters in Trenton, the state capital, Newark's Star-Ledger in 2000 had the largest statehouse bureau of any newspaper in the country. That commitment of resources reflected the paper's statewide circulation-building strategy, and it fulfilled a public-service mission. "It seemed to us, or it did to me," Jim Willse, the paper's editor, told the American Journalism Review in 2000, "that it's a very important role for a statewide newspaper to look at how public money is spent, how departments are functioning, because nobody else is doing it."

Paul Starr is Stuart professor of communications and public affairs at the Woodrow Wilson School at Princeton University and the author most recently of Freedom's Power (Basic Books).

https://newrepublic.com/article/64252/goodbye-the-age-newspapers-he...

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Growth in Foundation Support for Media in the United States

https://foundationcenter.org/gainknowledge/research/pdf/mediafundin...

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What Will Be The Result of Increasing Grants to Newspapers by "Philanthropists" - Are Strings Attached?

UNTIL RECENTLY, IT WAS unthinkable that newspapers would become major recipients of charitable subsidies. But as newsroom layoffs continue with no apparent end, increasingly they are seeking philanthropic support, and the nonprofit world is delivering.

https://www.cjr.org/local_news/newspapers-philanthropy.php

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This well written article is now nine years old. The state of many newspapers is now much, much worse. Where are newspapers getting their revenue today?

"The watchdog role of the regional press is even more critical at the state level, where no one else is likely to step in when newspapers cut back. Consider my home state of New Jersey. With thirteen full-time reporters in Trenton, the state capital, Newark's Star-Ledger in 2000 had the largest statehouse bureau of any newspaper in the country. That commitment of resources reflected the paper's statewide circulation-building strategy, and it fulfilled a public-service mission. "It seemed to us, or it did to me," Jim Willse, the paper's editor, told the American Journalism Review in 2000, "that it's a very important role for a statewide newspaper to look at how public money is spent, how departments are functioning, because nobody else is doing it."

Paul Starr is Stuart professor of communications and public affairs at the Woodrow Wilson School at Princeton University and the author most recently of Freedom's Power (Basic Books).

https://newrepublic.com/article/64252/goodbye-the-age-newspapers-he...

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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