> By raising prices and lowering quality, a stagnant business can rely on its most loyal customers to continue to buy the product, allowing it to squeeze and squeeze and squeeze its customers as they croak. This slow liquidation of an asset’s value, destroying even its reputation in the process, kills the product. Wherever newspapers can be found reducing page size, cutting news pages, narrowing coverage area, reducing staff, shrinking circulation area, postponing the purchase of new equipment and raising subscription prices, they are harvesting market position.
Attention anyone sill subscribed to the St. Paul Pioneer Press, the San Jose Mercury News and the Orange County Register: it's time to quit.
If those papers have any local competitors left, they should get the money instead.