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December 3, 2008 2:23:06 AM CST

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Rich Colleges Should Save Nation's Top Newspapers

Posted May 7, 08 9:29 PM CDT in Business,  Arts & Living 

(Newser) – The New York Times is in "perilous financial condition," and colleges would play the perfect savior, Lee Smith writes in the Chronicle for Higher Education. His plan: Have the seven richest institutions direct 3% of their endowments—which, combined, come to $114 billion— to buying the Gray Lady. "That's for a start." Later on, universities could snap up other papers that "make intellectual life possible."

"Universities have an implied responsibility … to protect and promote a body of knowledge for the benefit of society," he writes. But that body doesn't have to be on newsprint; rather than preserve "the familiar bundle of paper in plastic," we must safeguard "the labor and brain-intensive work of reporting, writing, and editing the millions of fragments of information scattered across the planet every day."

Source Chronicle of Higher Education

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The internet is not nearly as reliable as print journalism, argues Lee Smith in his Chronicle of Higher Education opinion piece.   (AP Photo/Alex Brandon)
An editorial in the Chronicle of Higher Education suggests that a consortium of private universities could save the New York Times.   (AP Photo/Diane Bondareff)
The New York Times could be saved by a group of American universities, according to an editorial in the Chronicle of Higher Education.   (AP Photo/Richard Drew)
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Internet • New York Times • colleges and universities • professor • endowment • print journalism


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