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Power of the Press
The "power" being the news gathering and reporting ability of the newspapers to cover the good and bad events of the day or over a period of time.

We cannot lose this ability especially in the investigative type reporting that is required to bring out the truth.

"Without truth we have no freedom."

(See BIG STUFF® News issues 1 and 2.)

Newspapers are in jeopardy, due to declining circulation, which directly effects their advertising rates resulting in less revenue and layoffs of personnel, including reporters. If less revenue is available to hire fewer reporters for investigative and enterprise reporting, then FREEDOM is jeopardized.

It has been reported that collectively, the American newspaper industry spends $7 billion on news and editorial operations. This includes everything from copy editor salaries to special travel expenses.

The newsroom layoffs are most troubling, as less news with less quality, content and details, results in more declines in readership and later declines in advertising. If the $7 billion spent covering news became $6 billion, and later $5 billion, it is not just the newspaper industry that gets hurt, journalism will be diminished in America with less investigative and enterprise reporting: indeed, less reporting of state houses, city halls, school boards, business and sports. Clearly a lot is at stake.

The above copy highlighted in yellow was in The Wall Street Journal on May 7, 2007, appearing in the article "How to Sink a Newspaper" by Walter E. Hussman, Jr.