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My dad was in newspapers. He worked at all types, everywhere from medium sized cities in the south and Midwest to big cities on the east coast (up to and including the New York Times).

During that era (last quarter of the 20th century), every one of those papers (not just the NYT) had a significant foreign presence. That list above of ABC bureaus - the foreign bureaus for a national broadcast network - is not that much more longer than the list of foreign bureaus for an average newspaper with a circulation of 300k-500k. I recall one of my dad’s papers in the ‘80s having bureaus in Moscow, Bombay, Karachi, London, Jerusalem… surely also places like Rome, Paris and Tokyo. I think those are all gone now.

That’s a lot of news gathering that’s just gone.




> That’s a lot of news gathering that’s just gone.

Yeah, but now we can cut and paste tweets as independent sources so it's ok


And for a brief moment, the shareholders realized a lot of value.




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