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It wasn’t that Graham was unaware of the changes transforming his profession. It was a short-sightedness about how the Post could make money from them. Before investing in new technologies or digital endeavors, he wanted to be shown a definite path to profits. In meetings he’d often say, “I am willing to invest in the future if you can show me the future.” And when decisions had to be made about whether to change both the business and the editorial models, Graham chose to keep the focus of the Post local, on the D.C. region.
Merchants of Truth: The Business of News and the Fight for Facts
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