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June 3, 2005

Are Newspapers Dead?

What is the future for printed media? It's clear that most traditional media channels are scrambling to thwart the onrushing digital age. If you need a precedent, simply recall that the USPS suffered huge losses at the hands of the killer app called email. I assert that the post office never recovered. When was the last time you sat down and wrote a scribe and affixed some postage and dropped it off for a loved one ?

Regarding printed media, I am clear that most major outlets (ie NYtimes) are not experiencing huge growth in market share. In fact, it is logical to assume they would be hard-pressed to maintain their current market share. If they truly believe that the only business model which is profitable is the hard copy black/white, traditional publication, they simply do not have a clue.

In all fairness, some printed media outlets have figured it out, albeit begrudgingly. Check out USA Today, it took a near collapse, for them to have a totally free digital circulation.

Consumers have a choice. The blogosphere has reached a critical mass to radically changed aging business models.

BBC NEWS | Technology | Newspapers face up to new media

Posted by AG at June 3, 2005 12:43 AM