Well Dressed Frogs in Hot Water

Most chiefs of newspaper corporations like to think of themselves as princes of industry. However, they really are well-dressed frogs. Last month, Bertrand Pecquerie, Director of the World Editors Forum, related an analogy about the newspaper industry, as told by Michael Ringier, president of the Ringier publishing group, who publishes magazines and newspapers in Switerland. Ringier said that if a frog is thrown into a pan containing boiling water, it will react to the sudden change in temperature and jump out of the pan; but if the frog is put into a pan of cold water that is gradually warmed […]