This has to be one of the more spot-on observations I've come across lately, as the noose-paper industry nose dives into 2009.
I especially like this part about the anonymous pontificators to be found in every noose-paper:
Suffice it to say, as one who is familiar with the numbers, you could probably print at least three Reason magazines (complete with website, blog, the whole nine yards) for the cost of one elite-newspaper opinion section, with its 14 pages a week. Are the elites three times better? You tell me.
That was but an illustration of this painfully obvious situation:
At the risk of alienating what few old newspaper pals of mine still have jobs, the industry they (and I!) so cherish, which has suffered mind-blowing valuation losses and several dozen rounds of downsizing both in personnel and column inches, is still bloated after all these years, with costs that no publisher would dream of incurring if he was starting a newspaper from scratch in 2009.
I'd tend to liken the noose-paper business to the automobile business in this country. At their peaks, both were arguably the most profitable businesses in the nation. Likewise, they are both now stuck in that old paradigm of their success, completely incapable of re-inventing themselves within the present time realities everyone else faces.
Unfortunately, no-one can ever think outside the box while they're still inside the box.
Monday, January 12, 2009
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3 comments:
more like the locomoive business-the greed of the time prevented them from getting into the new field of plane transportation
Most of the cigarette companies have diversified into other fields in preparation for the day that cigs are gone..
The car industry new his day was coming back in he 70's and has done very little..same with he newspaper industry
Good lord. As a newspaper person I have to laugh at the notion of a newspaper business bailout. Evolve or die, I say. Like in any industry shift, those who survive will be the innovators. The media companies of the future (aka, now) need to be lean and mean and a little less management-heavy.
-Noah
"Evolve or die" is what I advised my interns this summer after they all refused to switch their majors to law or take up plumbing as a trade.
Now that I've been laid off, I'm doing my best to learn how to breathe without gills and walk instead of swim...
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