I know I’m biased, but I think the media industry is objectively interesting. It must be the most brutal industry in the world. It combines the relentless change of the technology business with the low barriers to entry of the construction business. 30 years ago, the hardest thing about running a newspaper business wasn’t the reporting, analysis, graphic design — nothing like that. The hardest thing was distribution. Whoever had a fleet of vans big enough to deliver a hundred thousand papers per day had the advantage. The distribution thing made it hard for new newspapers to enter the market,…

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