Craig Newmark, founder of CraigsList.com, addressing a group of webmasters, suggested that the biggest problem facing the print media is their loss of trust. He attributed it to the tension between the financial interests of advertisers and the publisher, and the interests of unbiased news reporting and commentary.
When asked if he felt at fault because of the drop in revenues of the print media, he opined that perhaps the public will be better off when there no longer powerful forces seeking large profits influencing the media.
WATCHDOG: Sound familiar?
