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Why don't you tell us what the Greeks should do when the DI publishes an editorial filled with untrue and nasty depictions?
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I can only tell you what I would want my organizations to do, which might be some or all of the following:
1. Roll our eyes, talk about what an idiot the author is, and remember that our organization is going to continue strong decades after this smarmy freshman journalist graduates and the newspaper piece is forgotten. In other words, sticks and stones.
2. Demand that the paper print a retraction.
3. Write letters to the editor and/or op-eds correcting all the nasty lies.
4. March outside the newspaper offices at a busy time with signs condemning their poor work.
5. Pass out flyers and put up posters around campus setting the record straight.
6. Go to a rival publication or campus radio/TV station to set the record straight.
But deliberately try to bankrupt the newspaper? No. I love my university, and it needs a daily student newspaper, just as it needs a football team, an orchestra, and a student government. Student newspapers' eternally rotating leadership will inevitably make some stupid decisions. Going for the corporate death penalty when it happens would be killing a flea with a bazooka. It makes me look silly, and I could end up hurting innocent bystanders.