The economic destruction of our government-imposed, nationwide (for the most part) shutdown has been unprecedented, widely felt, and well documented. An overlooked example involves the media, specifically the newspapers. The UK’s Guardian provides revealing details: The devastating sweep of Covid-19 is the biggest story in a generation, and for most newspapers and news sites it has triggered record numbers of readers. Yet the virus, industry experts warn, will spell the end for “hundreds” of those organizations, laying off journalists and closing titles. Media outlets across the US have already responded to a huge drop in advertising triggered by the economic shutdown by sacking scores of employees. Some newspapers, just as demand is at its highest, have stopped printing -- reverting to a digital-only operation that is just as vulnerable to the whims of advertisers. The decrease in advertising was swift, as businesses tightened spending due to the economic...(Read Full Article)