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March 25, 2013 10:21 AM

Market for journalism's highest ideals mostly up to readers

The prevailing narrative in some quarters is that were it not for the twin cataclysms of Internet competition and a persistent recession, my industry would be doing just swell. But that doesn’t square with a historical fact: U.S. newspaper circulation was trending downward for decades before the popular rise of the World Wide Web and the current economic calamity.

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