October 03, 2006

Newspaper's Death Spiral

It seems that everytime I get the notion of getting back into the Newspapser bidness I come across an article that brings me back to my senses. The AP reports that the major News Corps are all reporting less than expected earnings and next years prospects are looking grim. The article states,"... and even if some publishers are successful in implementing a more innovative culture, the impact probably won't be apparent financially until late 2007 or early 2008." As I have said before, unless the print media can reinvent itself and again become relevent it will go the way of the dinosaur. It must have felt the same for buggy whip manufactures a century ago.
Story Here.

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