No, that's has nothing to do with what sank newspapers, and it's not even true.Well, I should say, anyone could create content that advertisers could advertise on. And I suppose it's true that not anyone can write the news, but many people can, and many people can make money doing it. Many newspapers used their huge profit margins to borrow a lot of money and leverage themselves, and now they can't service that debt. That's whats actually killing them. The NYT had to mortgage their new building because they couldn't get new loans to roll over their previous debt.
Talking Points Memo is not going to be helping me understand the potential impact of the wind farm they're building in the next town, or whether my town is improperly engaging in eminent domain land-grabs, or who I should vote for if I don't want casino gambling.There's no guarantee that a local (monopolized) paper would do that either, as opposed to hopping in bed with the local elites who buy most of the advertising.
If you had to drop .50 in the internet coin-slot every day to make it run, would you?I'm pretty sure I pay more then that for my internet connections. I think I pay like $40for a DSL internet connection (Plus $20 for a useless land line that goes with it) and I just got a new cellphone with data plan that costs $24 a month.
One misstep [Phil] Bronstein can pinpoint was what happened in the mid-1990s when he arranged a meeting between the [San Francisco] Examiner's tech department and a Bay Area computer whiz in his early 40s named Craig Newmark, who was brimming with ideas about the ways online media would transform traditional advertising models.If newspapers die, who else can do investigative journalism? I'm thinking that less frequently published magazines--the New Yorker, for example--might be able to fill this role. The typical online magazine business model seems to be to give away some articles for free, but to maintain a subscriber base by providing full access, with past archives, to subscribers.
The tech department ultimately shrugged Mr. Newmark off, figuring it could do better itself. That spurned geek went on to create Craigslist, which would suck away one of newspapers' steadiest sources of income. It's a glaring example of how the industry has stumbled in the Internet age.
"They were like, 'Nah, we're going to kick his ass,'" Mr. Bronstein recalled. "Well guess what? A hundred million dollars later, we didn't."
Any institution acting as a conduit will always be replaced by a more efficient conduit.
The world is not currently lacking for sports coverage. Nor is there some kind of critical shortfall in people offering opinions about politics. Business reporting actually seems to have a viable economic model behind it. Similarly, lifestyle journalism continues to be viable in a number of formats. ...
[A] newspaper is a gigantic bundle of paper covering miscellaneous topics. The rationale for lumping all those topics into a single geographically-bound institution has to do with the economic logic of printing and distributing bundles of paper, and very little to do with the economic logic of producing and disseminating a digital media product.
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The worst thing that's happened to newspapers lately is the downturn in the economy. Less ad dollars, less circulation, etc. Everybody is hurting, but it's killed some newspapers that might have stuck around long enough to morph into something new.
Everyone keeps talking about "a new model," but honestly, for publicly traded papers, I don;t see them finding one.
posted by cjorgensen at 8:36 PM on March 14