Newspapers owned by Gatehouse Media are laying off staffers ahead of the company’s looming merger with Gannett—a merger that Gatehouse’s CEO said would “actually enhance quality journalism.” Neat trick.

Forty years ago today, BusinessWeek ran a famous cover story declaring “The Death of Equities.” Since then, equities have risen by 7,000%. That’s “kind of embarrassing,” the magazine admits. Points for honesty.

Want to read something extremely bad? Here.