Comments on: What Pajamas Media Should Be Doing http://www.outsidethebeltway.com/archives/what_pajamas_media_should_be_doing/ Online Journal of Politics and Foreign Affairs Wed, 25 Nov 2009 01:10:13 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: bryan http://www.outsidethebeltway.com/archives/what_pajamas_media_should_be_doing/comment-page-1/#comment-66590 bryan Fri, 02 Dec 2005 02:42:02 +0000 http://www.outsidethebeltway.com/archives/12833#comment-66590 <em>We also have a dead tree newspaper business almost on its knees and desperate to reduce costs. It’s still huge, has billions of dollars floating round the system but they’re all cutting staff left right and centre.</em> Well, "on its knees" may be a far stretch. Ad revenues are up this year, as are online sales. What is driving the cost-reduction frenzy is not the state of the industry, but stockholders in publicly traded companies who demand high return on their investment. Besides, I can't say that I'd WANT PJM as an intermediary, given the way they've been run so far. This is no different than any other syndicate. We also have a dead tree newspaper business almost on its knees and desperate to reduce costs. It’s still huge, has billions of dollars floating round the system but they’re all cutting staff left right and centre.

Well, "on its knees" may be a far stretch. Ad revenues are up this year, as are online sales. What is driving the cost-reduction frenzy is not the state of the industry, but stockholders in publicly traded companies who demand high return on their investment.

Besides, I can't say that I'd WANT PJM as an intermediary, given the way they've been run so far. This is no different than any other syndicate.

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