Myron Kandel, a two-time president of the Society of American Business Editors and Writers, founding business editor of CNN and a longtime business journalist, has this message for newspapers cutting their business sections: You’re making a mistake.
“Nowadays, sadly, papers are cutting back on their daily business sections, folding them into their main pages and reducing staffs. Stock tables are vanishing and, of course, television and the web have become major factors. I know that profit pressures on the industry and there are lots of alternative sources of business news. Weeklies and monthlies do some very good work. But when it comes to continuing local coverage, there’s no substitute for a quality local newspaper section. If the cuts continue, I think readers and the business community will both suffer and so will the papers themselves.”
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