> newspapers were a natural monopoly
I don't know why anyone would believe that.
Because the vast majority of towns and small cities had 1 main newspaper. Bigger cities had 2 or 3. It was money as far as the eye could see for the owners.
alt Hacker News
Because the vast majority of towns and small cities had 1 main newspaper. Bigger cities had 2 or 3. It was money as far as the eye could see for the owners.