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Next Recession to Crush Newspapers

“Like When the Comet Hit the Dinosaurs”

By Leland Schwartz · October 7, 2026

That was the grim message from former Wall Street Journal deputy publisher Dick Tofel to the local news investors who bought and rebuilt The Fauquier Times … and he warned that it’s not if, but when. “We haven’t had a regular recession in this country in almost 20 years,” Tofel said. “When we have the recession, whenever that’s going to be, you’re going to see an enormous …

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