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“They don’t understand the difference between a severe economic downturn, the most severe we’ve seen in my lifetime, and structural change,” says MediaNews CEO Dean Singleton. “There are both going on. There’s structural change going on, and it has been for several years, and that will change our business model. But the majority of the revenue declines we’re seeing in 2009 are plain, old economic downturn.”
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Singleton: “The problems of newspapers are mis-covered by media analysts”
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