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Newspapers had a double whammy. One was Craigslist. But Craigslist at least was a new technology compared to the newspaper classified pages. People could post
by mudil 9y ago
Newspapers had a double whammy. One was Craigslist. But Craigslist at least was a new technology compared to the newspaper classified pages. People could post ads on the spot for free. Better technology, fair competition.
But what Google and FB have done is to learn about people based on their interests, based on what pages they visited, what newspapers they read, and so forth. And then GoogleFacebook NSA-type duopoly weaponized that knowledge against the content creators, and it's now killing the journalism.
- pravda 9y ago>the content creators, and it's now killing journalism. Nah. What has happened is that newspapers have lost their monopoly. In most markets, there was one newspaper and that newspaper could charge advertisers far in excess of their costs. Might as well been printing money with the presses. Now, their monopoly rents have gone away. Now, they have to earn their money! Earning money is hard compared to having a monopoly.
- username223 9y agoSo what's the future of how we keep up with goings-on near where we live, after local news dies? Random yapping bloggers with Google AdSense? (Talk about monopoly rents...)