Indiana Oracle
The Truth is Hard to Find
You may have noted that several newspapers have are either gone out of business or are in dire straits. The Chicago Tribune, New York Times, Los Angeles Times and San Francisco Chronicle are in trouble, the Chicago Sun Times is out of business as is the Rocky Mountain News. The Columbus Dispatch and many others are cutting cost by dropping Associated Press (AP) fees. There is more.
The newspaper business has been under subscriber pressure for some time due to the Internet. The industry has been insulated from market forces for an even longer period. Newspapers were just there.
It is unlikely those who stop publishing will come back. We are in the process of an economic reset whose roots reach back nearly 25 years.
So, big changes are coming, and we are likely to lose a large number of newspapers. Do we care?
Read the rest of this entry »
The newspaper business has been under subscriber pressure for some time due to the Internet. The industry has been insulated from market forces for an even longer period. Newspapers were just there.
It is unlikely those who stop publishing will come back. We are in the process of an economic reset whose roots reach back nearly 25 years.
So, big changes are coming, and we are likely to lose a large number of newspapers. Do we care?
Read the rest of this entry »