by Mike Masnick
Wed, May 28th 2008 2:16pm
Long Island-based cable company Cablevision is buying Long Island-based newspaper Newsday from the Tribune Company. While not all of Cablevision's shareholders are happy about this, it seems pretty likely the deal will go through. What's interesting, though is that Cablevision's Charles Dolan is admitting that the company knows very little about the newspaper business, but he's promising to "consult widely and seek advice from people who have backgrounds and are professionals in the field." To be honest, my first reaction on reading that is that doing so is the exact wrong thing the new owner of a newspaper should be doing. It seems like there are so many folks in the newspaper business these days who are still living in the past, trying to pretend they can bring back the glory days when there was no real competition. What newspapers need these days might be a completely different mindset, rather than one encumbered by the legacy thinking that has made it so difficult for many newspapers to adapt to the changing market.
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