3 ms·
Yea not gonna work. I think this is just another case of disruptive tech taking down a giant. The giant is accustom to certain revenues that are very very lar
by chubbard 17y ago
Yea not gonna work. I think this is just another case of disruptive tech taking down a giant. The giant is accustom to certain revenues that are very very large. Newspapers have historically made 75%-90% margins! Those margins have eroded since the internet, but when you are making that much money any other business venture is going to pale in comparison. Starting a blog is small potatoes to a newspaper, and so it doesn't look appealing because there's just not enough revenue for them. Nothing can satisfy the giant so he starves to death.
Once the memory of how much money was made at newspapers is gone and flushed from the system. Some enterprising blogger will take over the vacuum left by the newspaper. Newspapers will continue failing to invest in the disruptive technology and viola the newspaper business will be gone. The need for local news is not going away.