Speculation In Journalism

This entire piece on the Times-Picayune is worth reading but I wanted to pull this part out:

We know that the Times-Picayune was still profitable under the business model it was implementing previous to the Newhouse cull. Most of us believe that while not perfect, the staff of the TP was exceptional on the whole in comparison to other metropolitan newspapers in the U.S. I believe that the TP was providing all of the essential elements of a journalistic entity that I listed above…and usually doing that rather well…sometimes exceptionally.

We had it nice, Nawlins…we really did.