Everyone knows this story, though fewer and fewer read it on paper. There are barely enough pages left to wrap fish. The second paper in town has shut down. Sometimes the daily delivers only three days a week. Advertising long ago started fleeing to Craigslist and Internet points south. Subscriptions are dwindling. Online versions don’t bring in much ad revenue. Who can avoid the obvious, if little covered question: Is the press too big to fail? Or was it failing long before it began to falter financially? In the previous century, there was a brief Golden Age of American journalism, though what glittered like gold leaf sometimes turned out to be tinsel. Then came regression to the mean. Since 2000, we have seen the titans of … Continue reading Is the Press Too Big to Fail?