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“Ever since the Chandler Family plucked Mark Willes from General Foods, placing him at the helm of Times Mirror with a mandate to destroy the institutions in ways that would boost dividends, journalism has suffered at Newsday,” she wrote in the memo, which was posted at the Poynter Institute's Romenesko site. “The pain of the last year actually began a decade ago: the sad arc of greed has finally hit bottom. The leaders of Times Mirror and Tribune have proven to be mirrors of a general trend in the media world: They serve their stockholders first, Wall St. second and somewhere far down the list comes service to newspaper readerships.”
“The deterioration we experienced at Newsday was hardly unique," she wrote in the memo, describing the past few years. "All across America news organizations have been devoured by massive corporations, and allegiance to stockholders, the drive for higher share prices, and push for larger dividend returns trumps everything that the grunts in the newsrooms consider their missions. Long gone are the days of fast-talking, whiskey-swilling Murray Kempton peers eloquently filling columns with daily dish on government scandals, mobsters and police corruption. The sort of in-your-face challenge that the Fourth Estate once posed for politicians has been replaced by mud-slinging, lies and, where it ought not be, timidity.
”Honesty and tenacity (and for that matter, the working class) seem to have taken backseats to the sort of 'snappy news', sensationalism, scandal-for-the-sake of scandal crap that sells. This is not a uniquely Tribune or even newspaper industry problem: this is true from the Atlanta mixing rooms of CNN to Sulzberger's offices in Times Square. Profits: that's what it's all about now. But you just can't realize annual profit returns of more than 30 percent by methodically laying out the truth in a dignified, accessible manner. And it's damned tough to find that truth every day with a mere skeleton crew of reporters and editors.
”This is terrible for democracy. I have been in 47 states of the USA since 9/11, and I can attest to the horrible impact the deterioration of journalism has had on the national psyche. I have found America a place of great and confused fearfulness.”