Halberstam was acutely concerned about the effect the economic assumptions behind such cuts would have on newspaper journalists' ability to bring to light our government's propensity for deadly "mendacity and delusion.
"The industry as a whole is in trouble because people at the top are taking out too much money and driving the profits up. The perception is that the real customers are not those who read the paper but those who buy the stock. It damages the profession."
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