Peter Kirwan: "[Many] of our wilder ideas about what’s happening to British journalism have emerged, by osmosis, from the US. ... In some ways, however, the US newspaper market is different from ours. ... In terms of sheer awfulness, the numbers reported by some of America’s metro newspapers outstrip anything we’re seeing in the UK. ... In the US, debt has become a problem in ways that still seem exotic from a UK perspective. ... Locked into a US-style patchwork of local monopolies, Britain’s regional chains have spent the last six months watching their print-based ad revenues melting into thin air. ... The stakes are not quite so high – yet – for Britain’s national press." Read More...