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Saturday, March 14, 2009

More Good News Amid the Gloom

WaPo folding ...

...biz section into front.

Simply put, the Washington Post is shrinking. From the memo to the staff:

These moves will allow us to continue providing the features that our readers tell us they most value in the newspaper. They also allow us to save on newsprint — an important objective in these times.



They could save even more money by not using any newsprint, but that's a move for another day.

And in an explanation that brings to mind something a general must have said as he was retreating: "we are attacking in the opposite direction."

We remain absolutely committed to the strongest, in-depth and authoritative coverage of business locally, economics and economic-policy nationally, and the hugely important intersection of government, politics and money. The new approach will make that abundantly clear.


Pull the other one.

In a related note, one of the largest stockholders in the Washington Post, Berkshire Hathaway lost it's AAA credit rating.

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