Dr Mumbo

Praying for a billionaire benefactor

If you’re a journalist and haven’t seen John Oliver’s takedown of journalism yet, it’s only a matter of time before you succumb to the depressing pleasure.

While media markets such as Japan and India might not have hit the wall that they have done so in spectacular fashion in the US or Australia, as Oliver points out nobody anywhere has a perfect plan to keep newspapers afloat, and perhaps the only salvation for publishers is to “pray for a billionaire benefactor who can afford to swallow loses,” as South China Morning Post has done thanks to Jack Ma.

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