The chair of Torstar, parent company of the Toronto Star and other Canadian newspapers, penned a column entitled: “We should all be very concerned by the crisis facing quality journalism.”
In his 10-point manifesto on why we all need to be concerned with quality journalism, it becomes clear that the real crisis is the nose-diving market valuation of Torstar Corp.
Prior to the Internet and social media, newspapers were the main source of information, but with few exceptions, most have failed to evolve to monetize online content and now an entire generation exists who have never cracked open a newspaper and likely never will.
I reached out to Mr. Honderich for comment, but his assistant told me he wouldn’t be available, ever.
Torstar’s head honcho likes to talk a mean game when it comes to “quality journalism” but apparently he has no appetite for contributing to such a process.