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"When I started out in the business anyone who dared parade a prize for excellence would have been hooted out of the newsroom for taking himself too seriously," he said.
"But today the desire for awards has become a fetish. Papers may be losing money, losing circulation, and laying off people left and right, but they will have a wall full of awards -- prisoners of the past rather than enthusiasts for the future."
One major paper by Jan...not impossible, but I'd put the flood gates opening to about May or June. The major groups all have debt calls coming up in April or May, debt they are unlikely to be able to roll-over, and once one falls, the loss of confidence in the sector is bound to cause others to fall closely there after.