Local TV Stations Cut Costs by Sharing News Operations

Kevin Sack reporting for The New York Times explains what critics of a public plan are worried about:

Using just 140 characters, Twitter has revolutionized the way news is distributed. Instead of visiting a handful of news sites every morning, people can simply check their Twitter feed where media outlets are constantly tweeting out their latest headlines.

Pablo Picasso couldn’t have created his masterpiece Les Demoiselles d’Avignon in 1907 if it weren’t for the looming presence of Henri Matisse.

How much should business be regulated? This is often framed as a choice between the good feelings of freedom, and the costs of unmanaged cut-throat competition. But consider: the democracy that most people want to use to manage business is itself a form of cut-throat competition. That is, candidates usually have wide freedoms as they compete to get elected.

By Steve Alexander:Belo Corp (BLC) is one of the largest publicly traded, broadcast television operators in the country. The firm owns 20 television stations, and has at least one affiliate for all of the major networks (ABC - 4 affiliates, CBS - 5, NBC - 4, and FOX - 1), as well as 2 CW and MyNetwork TV affiliates. 9 of their stations operate in the top 25 U.S. markets, and in total Belo's stations reach about 14% of households in the U.S.

Diane Mermigas submits:Google (GOOG) CEO Larry Page has issued an ultimatum to all employees: Develop a successful social strategy for the company or lose 25% of their annual bonus.

David Leonhardt’s column today is a smart take on medical malpractice costs: