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Taxpayers must pay the freight for over-budget train projects
Topic - Mark Fratrik
To hear the Sage of Omaha tell it, newspapers may not be dead after all.
Groupon is adding 150 employees a month at its U.S. headquarters and trains them in a church because the conference rooms at its headquarters aren't big enough. Ideeli has crammed so much electronic equipment into its New York office that the power goes out every day.
"They are leaving the newspaper business," said Mark Fratrik, a local media analyst for BIA/Kelsey. "The newspaper business has declined in its importance to Media General. They own lots of television stations."
Mr. Fratrik and other analysts contend that the newspaper industry's future will be determined by how well existing franchises adapt to the economics of the digital world.