Michael Moore: Newspapers 'Slit Their Own Throats' (VIDEO)

11/14/2009 05:12 am ET | Updated May 25, 2011

Filmmaker Michael Moore -- who's been touring the world promoting his new film, "Capitalism: A Love Story" at several international film festivals -- argued on Monday that U.S. newspaper publishers have no one to blame but themselves for their declining financial health.

"These newspapers have slit their own throats," he said. "Good riddance." From The Wrap:

Moore said that newspapers, bought up by corporations in the last generation, have pursued profits at the expense of news gathering. By basing their businesses on advertising over circulation, newspaper owners have neglected their true economic base and core constituency, he said. [...]

Moore cited newspapers like those in Baltimore or Detroit, his home town, with firing reporters that cover subjects that affect the community.

Here's video: