Wall Street Journal Weighs in on New Times/VVM

january 10, 2003  04:26 pm
"We're relieved the Justice Department has decided to draw a line in the sand in this case," Michael Lacey, executive editor of New Times, sarcastically tells LA business columnist, Daniel Akst. The columnist chides New Times and Village Voice Media for being sanctimonious about the evils of "big-city dailies" but concedes Lacey's point: "If a generation's worth of media consolidation is OK because of new technologies and competition between broadcasters, print outlets, the Internet and so forth, it probably shouldn't be a hanging offense that a couple of unsuccessful weeklies are closing in concert."