The great newspaper liquidation is an interesting article about problems the newspaper industry is facing. The column has this surprising prediction:
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Newspaper owners may be running out of time to beat the liquidation clock if the prediction (pdf) made in January by the USC Annenberg Center for the Digital Future proves accurate. Because the current generation of print newspaper readers aren’t being replaced, most major U.S. print dailies will be dead in five years, the report concluded.
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I have noticed that our paper is shrinking in size. The Sunday edition now is smaller than the dally editions twenty years ago.
3 comments:
But online news can be great! Our small-ish local paper has a "green edition" that allows us to read a virtual version of the daily paper for a very reasonable yearly subscription (quite low, for they don't have to deliver). They cover local crime, politics and other issues in a way cnn.com will never do, and they have a good online presence accessible to everyone, not just subscribers. They have even started doing a short webcast each day, in which one of the newspaper staff sums up news in the area and shows reader-submitted pictures of interesting things in the area (like golf size hail, etc.). It feels like a little like a grown-up Facebook for our city. We will likely never get a paper newspaper again, but we love to support our online version of the local one!
This is good for trees anyway.
C T - I think companies which can provide local news at a reasonable cost will have a niche. People love to know what is going on around them.
Fatcat - yeah.
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