Alex Tabarrok at Marginal Revolution has a post showing the decline in circulation of big city newspapers over the last 17 years. Some papers have fallen from 500,000+ to 50,000- !!
I knew the newspaper industry had been hit by craigslist and online news, but hadn't realized how deeply newspaper staffs had been cut. It's bad because papers had been a countervailing force against local problems. Some innovations may be replacing that function in part, but not totally.
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