Today the NY Times announced it was cutting its dividend to conserve cash — they are also selling some assets as well.  All that might work temporarily.  The hand writing is on the wall at the Times and it is just a matter of time before it is going belly up.  The last decade or more has proven that it is a bad idea for news media to be for profit companies.  Look at Fox News which is so bias because of their profit mantra.  Now, on the other end of the political spectrum we have the Times fighting for its life.

It is time to nationalize the news and convert these companies into non profits; perhaps, like the BBC.   Let the news organizations concentrate on quality journalism that is non-partisan, unbiased, and objective.  Let all the partisan puts their spin on it with talk radio, blogs, and interviews.

The day of for profit news in America is over.  Unfortunately, there are lots of companies that are going to have to go belly up before America can build a better news media.

America is doomed.