Transcript: `Philadelphia Inquirer' Struggles to Remain On Top

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At one time the "Philadelphia Inquirer" was one of the most respected dailies in the country, but in an era of corporate cutbacks, the newspaper is struggling to maintain its high standards.

SCOTT SIMON, Host: There was a time when Americans received most of their news from newspaper empires, not merged, multi-national, multi-media behemoths. The emperors of information tended to be rich, vain men and women who already owned department stores, mines, steel mills or railroads. They were often not averse to losing a million dollars here, a million dollars there, on a newspaper to have a voice in their city or nation. When an anxious accountant in Orson ...

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