Michael Moore: In 1 to 2 years we will not have daily newspapers [Video]

You may not agree with Michael Moore regarding a lot of the things he makes films about but at a press event in Toronto for a film festival he said something that most people involved social media and Web 2.0 would be hard-pressed to disagree with.

During the conference that was primarily about his new film, Capitalism, Moore went off on a four minute tangent where he said that the Internet is what is responsible for the killing of newspapers. Moore suggests that it is greed, pure and simple, that has brought the newspaper industry to this point in time.

“These newspapers have slit their own throats,” he said. “Good riddance.”

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.

Source: The Wrap – Michael Moore Says U.S. Newspapers ‘Slit Their Own Throats’