3 ms·
A lot of magazines and some newspapee act like a money pit, basically at the mercy of the rich benefactors paying to run it. And even if a company folds after
by rtpg 11y ago
A lot of magazines and some newspapee act like a money pit, basically at the mercy of the rich benefactors paying to run it.
And even if a company folds after (say) 30 years, that still means 30 years of jobs, of people making things. So maybe investors lost money? Name of the game for them. Obviously for the last employees its not too great though (all the more reason for nicer safety nets)
- MisterBastahrd 11y agoThat's a small fraction of a percentage of the overall number of publications. It might work in big cities where there's prestige to be had in owning a publication, but there aren't hordes of rich people looking to lose money over bad investments for the sake of putting their names on a masthead.