In Hollywood movies, after someone gives their righteous speech standing up to someone they do not like, everything changes as everyone changes their minds and it All Works Out In the End.
The Denver Post did that, and nothing has changed. Charles Plunkett was the editorial page editor who dressed down Alden Global Capital, the owners of the Post. He has resigned. Alden Global Capital are still there.
Journalists haven't been dealing with reality, and their reality is that they cannot get quality owners for a reason. Just look at the New York Times reporting their subscription numbers.
The problem is the numbers aren't what they appear to be. Their rivals the New York Post point it out, but when I worked as a journalist, I used to cover the business of journalism, particularly print, and one set a numbers you could never trust was subscription numbers. The definitions were getting watered down when I was covering it, and what is counted as a subscription is dubious at best. If advertising revenue is down, even when numbers seemingly look as if they are growing, that is the red flag that the subscriptions numbers are not as robust as they look.
Reality bit journalism to death, plain and simple. They are pulling out all the stops to try to make it seem as if they are reviving, and yet those stunts aren't doing anything for their fortunes.
With the US economy having a very robust streaking, media outlets should have been experiencing a real bounce -- even if their own industry is in tatters.
Yet it's not happening. The New York Times' numbers should have been significantly higher, just because more people are employed and have disposable income, and want to look informed as are willing to have a prop subscription to do it.
Yet the Times is struggling, and it's America's most well-known newspaper. This is a real shift is journalism's fortunes.
And no sunny spinning of rot is working.
The Denver Post is still collapsing, and the Times is having a harder time presenting a façade of strength.
That's the reality -- and journalism's inability to face reality explains the reason for their dismal fortunes...