Right-wing vanity rag Philadelphia Bulletin - shut down June 1

[philly_bob]

I wrote this in a discussion about a Young Turks piece on the financial failure of money-losing right-wing media. From that piece:

The NY Post is run by Rupert Murdoch to further his conservative agenda. It loses $50 million a year. The Washington Times is run by Rev. Sun Myung Moon to further his conservative agenda. By some estimates Rev. Moon has sunk $2 to $3 billion into it and it has never been profitable. The Pittsburgh Tribune-Review is run by Richard Mellon Scaife to further his conservative agenda. It loses $20 to $30 million a year.

The Weekly Standard used to be owned by Murdoch to further his conservative agenda but is now owned by Philip Anschutz to further his conservative agenda. Either way, it loses $5 million a year.

A new name for the list of epic conservative failures: the once-proud name of Philadelphia's Evening Bulletin, revived for 5-years by a rich investment banker to spread neocon malarkey, has gone out of business.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=103&topic_id=460304&mesg_id=460315

[Freddie Stubbs]

1. Are there any newspapers which are not losing money right now?

:shrug:

[philly_bob]

2. Here's a source that says newspapers are just less profitable.

http://www.ajr.org/Article.asp?id=4660

I don't know the facts of the matter. I'm just crowing over the deep-pocket right-winger media tycoons who are finally running out of money.

On the newspaper issue, I'm worried by the young people who do not know the pleasure of reading a physical paper: getting the news is just another online chore for them, like email or checking their bank balance.