Philip Stone, of followthemedia.com, offers a fascinating look at how the debt load of once-thriving newspapers is suddenly causing problems in a climate of declining revenues, readers and sales. The article is particularly good at helping readers understand the role that banks play in newspaper management – including editorial – and why newspaper managers get anxious even when their companies still post double-digit profit margins.


Philip Stone, of followthemedia.com, offers a fascinating look at how the debt load of once-thriving newspapers is suddenly causing problems in a climate of declining revenues, readers and sales. The article is particularly good at helping readers understand the role that banks play in newspaper management – including editorial – and why newspaper managers get anxious even when their companies still post double-digit profit margins.

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Kelly Toughill is an associate professor of journalism at the University of King's College and founder of Polestar Immigration Research Inc.