1. Since I've been challenged by @a_picazo, I'll explain why I'm wary of PostMedia proposal that Canadian gov't should subidize newspapers
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4. But there are special circumstances in the Canadian case. PostMedia proposal is here:https://www.buzzfeed.com/paulmcleod/canadas-largest-newspaper-chain-wants-ottawa-subsidize-newsp?utm_term=.jveNydEbXN#.eq2Gyxl4zG …
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5. The vast majority of Canadian newspapers are owned by one company (PostMedia), itself owned by an American hedge fund.
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Agree w
@HeerJeet on this 1. 3 generations of owners inflated mrkt cap valu of papers (Black, Canwest, PM) 1/XThanks. Twitter will use this to make your timeline better. UndoUndo
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Coupled w other self inflicted wounds,
#Postmedia chain put itself in terrible position when it needed to be in top shape@HeerJeet 2/xThanks. Twitter will use this to make your timeline better. UndoUndo
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to deal w rise of internet, shifting audience tastes & ways of engaging w news. Local, nat'l & foreign news bureaus gutted
@HeerJeet 3/xThanks. Twitter will use this to make your timeline better. UndoUndo
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eg Canwest cut foreign news bureaus from 9 to 2 in early 2000s & those never regained. As a result, journalistic quality
@HeerJeet 4/x -
Canwest also bought way too many others, such as Australian TV network, overextended itself.
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suffered when needed to be @ finest. Agree w
@HeerJeet that we shld look into general subsidy vs $ for any 1 entity. Denmark, Sweden .. 5/xThanks. Twitter will use this to make your timeline better. UndoUndo
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are possible referent pts, but p/h French model of $ vouchers to readers to spend on journalistic outlets of choices
@HeerJeet 6/xThanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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