It appears that former Herald-Leader and Los Angeles Times editor John Carroll was on to something when he predicted, in 2006, that outsized profit expectations in the newspaper industry would have a destructive effect on journalism. Seven years and several rounds of newsroom layoffs later — all in the service of maximized profits — its effects can be seen in education reporting on the [pages of the Herald-Leader].
Day, Richard E., "Outsized profit expectations harm education news" (2013). Curriculum and Instruction Faculty and Staff Scholarship. Paper 49.