To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. In the Internet age, however, no one has figured out how to rescue the newspaper in the United States or abroad.

Summary

This quote highlights the changing landscape of the newspaper industry in the digital age. It suggests that owning a newspaper was once a highly profitable venture due to lack of competition, but with the rise of the Internet, this business model has become increasingly obsolete. The quote also acknowledges that despite efforts, no effective solution has been found to address the challenges faced by newspapers, both in the United States and globally. It emphasizes the need for innovative approaches to secure the future of the newspaper industry.

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