Gossip, not prostitution, is the world's oldest profession. The serpent gave Eve an earful about what God allegedly was up to. And the misery from that leak for the human race continues today. As an industry gossip still thrives. But not among the old-line players.
If you notice waiting in line in the supermarket, no one is flipping through American Media's flagship National Enquirer. Instead they are probably on their smartphones finding out about celebrities' latest antics and then sharing that with friends and family. So no surprise, the New York Post reports that American Media " ... has $469 million in long-term debt, [and] could default sometime next year without a major restructuring." That's according to Standard & Poor. Here is that Post coverage.
When I started covering legal developments, I read everything Vanity Fair courtroom columnist Dominick Dunne had to say about writing and did what he did to search for insight about whatever. Every Thursday Dunne went to the supermarket to buy the Enquirer. Back in 2005, I did that. When I blogged on its content traffic increased. Now, like everyone else I just pass it by. The tone and content are no longer aligned with how we want our dirt positioned and packaged.