After 10 years, The Journal Gazette editorial page says it was wrong and reverses its opinion, but its reason for doing so isn't exactly clear to me:
Indiana might not lose its very soul if it breaks up the state high school boys and girls basketball tournaments. But it would lose at least as much as it would gain by going to tournaments based on school enrollments.”
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Another reason for competition in media: You can always lambast the competition for getting it wrong or admitting that it believed it was wrong.