I get a couple media-industry newsletters, which lately have made gruesome reading: The blood is running deep in most media companies, and today came the news that the New York Times, from which I get some of my better freelance assignments, is borrowing against its own brand-new building to meet cash shortages.
The same paper today runs an essay on how constantly rains such bad news these days. My favorite line:
Every modern recession includes a media séance about how horrible things are and how much worse they will be, but there have never been so many ways for the fear to leak in.
Read the whole thing at Stoking Fear Everywhere You Look: