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Distribution was also key in the demise. The business model for decades, explained in one of Buffet's shareholder letters, was to become an area's key source of
by ddebernardy 10y ago
Distribution was also key in the demise. The business model for decades, explained in one of Buffet's shareholder letters, was to become an area's key source of news: Once you're the last newspaper in town, you get to milk the area. That flew out the window when internet came along.
- ThomPete 10y agoAgree but it was the distribution of news which was valuable. I.e. that not everyone could delivery you news only the newspapers who also did most of the vetting and curation process for you.
- ddebernardy 10y agoExactly. And hence the giant shift: the valuable distribution (aka classifieds) went to specialized sites, and no longer to newspapers. Newspaper business models were screwed online from the onset.