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I don't think it was within their power to compete against CL which happily transformed a billion dollar business into a million dollar business. Maybe, just m
by kansface 11y ago
I don't think it was within their power to compete against CL which happily transformed a billion dollar business into a million dollar business. Maybe, just maybe, if the newspapers kept their local monopolies they could have stemmed the bleeding. I tend to think their demise was inevitable - content (news/classifieds) has next to no digital value.
- cactusface 11y agoWhat do you mean news/classifieds have next to no digital value? They're a delivery vehicle for ads, just like TV. They just can't be sold as their own thing. Then again, Craigslist makes a good chunk of its money by charging for classifieds: https://www.craigslist.org/about/help/posting_fees https://www.craigslist.org/about/help/posting_fees
- Zigurd 11y agoThey're not valuable relative to owning a huge printing plant that sits astride the connection between local merchants and local customers. The local major network affiliate broadcast TV channels still have something resembling the monopoly newspapers had.