4 ms·
Newspapers and magazines were profitable for centuries. Like many other industries, they've struggled to adapt to the new norms the Internet brought about.
by diet_mtn_dew 7y ago
Newspapers and magazines were profitable for centuries. Like many other industries, they've struggled to adapt to the new norms the Internet brought about.
- pmyteh 7y agoMany newspapers, but by no means all. British national newspapers have, as a class, lost money for decades - plenty of people have been willing to subsidise the losses in return for the influence of owning one - so the economics were bad (and now getting worse). Owning a monopoly city newspaper in the US, with a captive advertising market, was a lovely business until recently though.