The news industry finds itself on the front pages this week with the buyout of two major newspapers by non-industry moguls.
First, Boston Red Sox owner John W. Henry made headlines with his $70 million purchase of The Boston Globe. The New York Times Company sold the paper at a 93 percent loss, according to the New York Post. Then, Amazon.com founder Jeff Bezos announced his $250 million purchase of the family-owned newspaper The Washington Post.
How do the buyouts compare to those in other industries? Check out the buzz created by Yahoo!'s purchase of Tumblr for $1.1 billion.
|People who say they have stopped turning to a particular news outlet because it no longer provides the news they were accustomed to getting. Learn more >>|
Newspapers have struggled in recent years with a decline in readership and advertising revenue, but some local papers have found innovative ways to thrive.
What's next for an industry adapting to swift technological advances? Visit the Pew Research Center's Project for Excellence in Journalism for the latest in news analysis.