THE TITLE of the May 1994 Commentary magazine essay was “The Degradation of the New York Times.” Written by Joseph Epstein, the article was an uncanny forecast of the disaster that befell the Times almost a decade later. Arthur Ochs Sulzberger Jr. was publisher then and now. If only Epstein could predict the Dow with the same accuracy as he did the course of the Times, we’d all be billionaires and one of us would surely be publishing our own newspaper.

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