Exploding newspapers: How late is too late?
Outsell says that newspapers have five years to get their act together as they face a $20 billion revenue shortfall over that period. “The estimated shortfall is even larger than newspaper executives have acknowledged,†said Outsell lead analyst Ken Doctor.
Tags: newspapers
August 16th, 2006 at 12:40 pm
[...] UPDATE: BuzzMachine's post on "exploding newspapers" links to research figures pointing to an imminent "$20 billion hole." Editor and Publisher adds perspective to the report. [...]
August 16th, 2006 at 2:57 pm
[...] On a similar note: Jeff Jarvis reports that some analysts believe the newspaper industry faces a $20 billion revenue shortfall over the next five years, while AOL’s Jason Calacanis considers buying one and turning it around. [...]
August 16th, 2006 at 7:08 pm
The dead tree tribe is still not getting that we are finished with the pervasive local blood and gore news, the lack of in-depth analysis of local political candidates and issues, bored with the syndicated columns, the little grade school science and medical bytes, the comics, the lethargy, the biases and their lack of interactiveness and transparency. Craig’s List is killing them on the classifieds. It’s free.
The NYT’s is a boring local rag, if you think about it, pandering to the affluent local Upper West Side crowd. Boring and predictable. It’s the poster child of much of what is wrong in print media - arrogant, insular and boring.
If the established better bloggers of note were on the Nasdaq, I’d invest. Shorting the established dead tree folks is a sure bet. But, then, Wall Street has acknowledged that too, if you’ve looked at their stocks in the past few years.
August 16th, 2006 at 7:39 pm
Establishment Media will morph into local media with the same quasi-underground edge/hunger/anger/frustration that the blogworld has.
Local Media will cover schoolboards, school teams, county commissioners and state legislators. Establishment Media’s days are numbered because they offer the same critical perspective to world events as “E”, Entertainment Tonight, etc do (no criticism-all happytalk-all the time)
Establishment Media has not covered itself with glory in the Lebanon reporting. The careless attitude towards truth and lack of honesty is a display of moral bankruptcy.