You haven’t read much in The Eagle about what’s going on with parent Knight Ridder, which is under pressure by some shareholders to sell the company. That’s because none of us knows anything. But columnist Leonard Pitts, based at Knight Ridder’s The Miami Herald, used the uncertainty to make a potent statement about newspapers in general.
After recalling how a photographer for the Knight Ridder-owned Sun-Herald in Biloxi, Miss., handed out copies of the newspaper to Katrina victims for whom it was a precious lifeline, Pitts wrote: “Years before I ever drew a paycheck in this industry I was convinced that newspapers — and, more broadly, the news — are not a business. They are a mission — a vital, irreducible mission.”
He’s right about that. The thing is, Wall Street’s concern is not whether newspapers fulfill their mission over time but how much money newspapers make today.
Posted by Rhonda Holman
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