"That kind of pocket change can buy you a newspaper. And not just any newspaper, but a world-class paper with a wall full of Pulitzers (I remember emerging from the elevator and marveling at it as a summer intern) and decades of experience holding power to account. Alternatively, $250 million can buy half a superyacht. A yacht is a very big boat."
"These journalists work very hard to find out what is actually happening and then to tell people. This involves a lot of late nights eating pizza in the office and long days calling people who will not answer and showing up in inconvenient places at inconvenient times to get people on the record and to get the story right. Is newspaper work glamorous? Put it this way:"
With $250 million, a buyer can purchase a world-class newspaper or fund personal luxuries like half a superyacht. A world-class newspaper employs hundreds of journalists who labor long hours to discover facts, call unresponsive sources, and appear at inconvenient places to put people on the record and get stories right. Journalistic work involves late nights, pizza in the office, and painstaking reporting. Superyachts are multi-deck vessels that confer status and will likely never turn a profit. Newspapers contain ledes, deks, and filing practices crucial to producing rigorous reporting that holds power accountable.
Read at The Atlantic
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