Having so long prophesied The Death of the Theatre, the prophets have woken to find themselves writhing in the coils of a problem rather closer to home: The Death of the Newspaper. What a reversal of fortune! If the free market is indeed the moral courtroom that its admirers claim, then what a judgment is being visited on Fleet Street. What a pack of failures the editors must be! No artistic director of a theatre could survive such a plummeting loss of income and popularity without being sacked by their board. Surely it must be, according to those iron laws of the market which newspapers have done so much to propagate, that consumers are today buying fewer newspapers because those newspapers are poor products. The people writing for them must be no good at writing.

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