Wednesday, March 15, 2006

More on Philly

An interesting article in Editor and Publisher. The potential buyer says some smart things.

I see the whole Knight-Ridder sell-off as an opportunity for communities to experiment with alternative methods of newspaper ownership. The St. Petersburg Times, for instance, is owned by a nonprofit journalism school. I've always wondered why more didn't look at such an approach -- or at least consider an alternative to the sometimes-brutal world of public trading.

In a decade or two, it wouldn't surprise me at all if many newspapers were owned or operated by nonprofits. The stock market hasn't proved the most congenial of masters for what is, after all is said and done, more a calling than a business.