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03/02/2009 05:12 am ET Updated May 25, 2011

Mort Zuckerman: "Print Publishing Business Is An Oxymoron"

Q: How is the print publishing business doing?

A: The print publishing business is an oxymoron. It is no longer a business. It is an advertising-driven business and advertisers have driven elsewhere.

Q: Is this year going to be the one when we see respected newspapers going out of business?

A: There's no doubt about it, unless they are owned by people who are in a position to afford to carry them, and are willing to do it because they believe in journalism . . . I would say one of the papers in Philadelphia will probably close down. We've already seen the Times Mirror Corporation go bankrupt.

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