And the Future of Newspapers Is . . .
. . . Sugardaddying.
Our latest Publishing Word of the Day describes the most successful tactic of late for keeping daily newspapers afloat: Purchase by a millionaire or, preferably, a billionaire.
Motives for sugardaddy buyouts of struggling newspapers range from civic mindedness to a craving for the spotlight to a desire to sway local news coverage.
Often mixed in is