Back in February, Jack Shafer wrote a column for Slate excoriating the new $450 million Newseum building next to the National Mall. He finished his anti-ode to the “monument to journalistic vanity” by gently (compared to the rest of the piece) pointing out that there are plenty of better uses for $450 million, given the troubles facing newspapers:
I want the Freedom Forum to sell off their monument valley installation and use the proceeds to actually support journalism. Like endowing a newspaper, for instance.
Just one newspaper? Those were the days. Nowadays — a mere five months later, that is — $450 million could get you 3 or 4 newspaper chains.