It seems the Post is eliminating their daily business section. I still struggle to put my finger on exactly why this worries me. I persist in believing (hoping?) there's demand for this information. The problem is, I can't figure out who is going to cover it. It seems to me, you do indeed, need a staff and institutional support to put out the long, expository stories that help us contextualize the current financial situation.
A related issue regarding the Post. The Washington Post Co. owns the paper, Newsweek, Slate and all its spin-offs, as well as TV and radio stations. Perhaps I don't understand the accounting behind these sorts of corporate entities. But with all these ventures, how can the Post be so desperate to cut entire sections from the paper?
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Frankly, the Post business section is no better than that of most local dailies. The coverage is either prosaic coverage of major stories that all papers cover, or lightweight fluff about hiring babysitters and opening your first Roth IRA.
ReplyDeleteBut never fear. It's clear that a big market exists for sophisticated and comprehensive business coverage. That's why the FT and the WSJ are among the only newspapers actually expanding these days.