Wednesday, March 11, 2009

Rupert Murdoch buys Brooklyn Paper


Over at the Gothamist they are reporting the acquisition of the Brooklyn Paper by the News Corp. owned by Rupert Murdoch. I have been an admirer of the Brooklyn Paper for some time. It's distribution has been lacking in our neighborhood. The paper distributed for free and printed in full color format has done a relatively decent job of covering the borough. As a recipient of their daily e-mail called updates I kind of hoped that it would survive in these rough economic times. The economics of running a print newspaper however, makes one wonder how much longer print newspapers can last with competition from the Internet. Murdoch has a tendency to restructure his properties and perhaps change their editorial policy as well. With the steep decline in advertising and advertisers looking for greater efficiencies and more bang for their buck you have to wonder if purchasing the Brooklyn paper was a savvy move. Of course only time will tell. I certainly hope that this means we will have the resources of the News Corp. behind it. So does that mean we will see more copies distributed here in Sunset Park? After the demise of the Sunset News we need some kind of replacement. Time will tell if the paper survives the coming depression.

[Where: 11232]
[Where: 11220]

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