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In reality, this actually has very little to do with Facebook and has a ton to do with mobile. Even if Facebook didn't exist, I have little doubt that media com
by morgante 10y ago
In reality, this actually has very little to do with Facebook and has a ton to do with mobile. Even if Facebook didn't exist, I have little doubt that media companies would be seeing falling recirculation—it's intrinsic to the platform.
On another note, does anyone know what this quote is referring to?
> Newsrooms have been supported by billionaires and test-prep businesses for more esoteric reasons than this.
- siyer 10y agoIt refers to the Graham Holdings Company which used to own The Washington Post, still owns Slate, and also owns Kaplan.
- dforrestwilson 10y agoThey also owned a cable company for revenue stability reasons.
- snowwrestler 10y agoBefore being purchased by Jeff Bezos, the Washington Post was part of a conglomerate that also included Kaplan, the test-prep company. As the Post's own profitability declined, the profits from Kaplan kept the conglomerate in the black. The Post news operation was sold to Bezos, splitting up the conglomerate. I assume the Graham family still owns Kaplan and a few other pieces.
- subpar 10y agoAlso a reference to the Financial Times, which was owned by Pearson up until the recent sale to Nikkei.