Advantages of Chain Operation

According to The Press today by Ivy Lee, "Chain newspaper development does not mean journalistic monopoly" as one one prominent group owner observes. "It means elimination of economic weaklings, fewer but more virile ownerships".

My opinion about this quote is that in order for journalistic monopoly to occur companies have to dominate the market. This quote also means that companies will take out small newspapers so that they won't have any competition. This quote states that companies monopolize the market when they need to take over another company. Monopolies only happen whenever a company goes bankrupt.