Friday, May 29, 2009

Secret Meeting of Newspaper Publishers

A friend tells EPJ that newspaper publishers met secretly just outside Chicago (near the airport) on Thursday.

Attending the meeting were senior executives from: The New York Times, Hearst, Scripps, McClatchy, Advance, Gannett, MediaNews Group, Philadelphia Media Holdings, Lee Enterprises, Freedom Communications, and the Associated Press.

On the agenda, declining revenues, and the internet.

The meeting was organized by the Newspaper Association of America.

There also appears to have been an earlier secret meeting in San Diego.

Can a reach out to government for tweaking of this rule or that rule be far behind?

As Adam Smith said:

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

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