The Creative Destruction of the Newspaper Industry
It’s amusing when one kind of dinosaur predicts the demise of another kind of dinosaur. But there you have it with Time Magazine’s list of the 10 most endangered newspapers in America. My hometown rag is number 4 on the list and is losing $1 million a week.
The next few years will likely see the wholesale slaughter of offline newspapers. This would have happened eventually but the financial crisis with the plummeting in ad revenues has accelerated the process. My guess is we’ll end up with a handful of national newspapers.
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