3 ms·
I think the problems with the majority of newspapers are the cash that the owners are taking out. Real news is doing fine; the problem is newspapers were sold
by x0x0 7y ago
I think the problems with the majority of newspapers are the cash that the owners are taking out. Real news is doing fine; the problem is newspapers were sold to thieves.
As evidence, I give you:
Washington Post, Talking Points Memo, The Information
it's perfectly possible to have a profitable news company. Even hard news. You're not going to get that by spamming AP wires, sports scores, and clickbait though. You get it by paying great reporters to tell me things worth paying for.
- chrisco255 7y agoIs WaPo profitable? I thought they were a Jeff Bezos charity case?
- x0x0 7y agohttps://www.geekwire.com/2018/washington-post-profitable-growing-two-years-jeff-bezos-ownership/ https://www.geekwire.com/2018/washington-post-profitable-gro... News sites aren't going to return SaaS margins that VCs are looking for, but they can be perfectly fine businesses if run well.