RT @loic: "I don’t think it matters what Time or Newsweek does on web: both seem to be trending towards insignificance" http://www.longtail.com/the_lon...
TV crews are hovering around the San Francisco Chronicle's newspaper headquarters. Its owner announced today that major cuts are needed in expenses and they are looking for a buyer and threatening to shut down both it and sister paper Seattle PI.
- Robert Scoble
Would certainly be one of the first major newspaper deaths, but not the last.
- Dean Clark
Already read something about that newspaper, wasn't that called a couple of months ago as the death of paper newspapers? Finally it gets to them...
- ElijahBailey-Zu of FF <0,
The papers have to find a new model. They need some creative people with even more creative solutions to mix the want for free news and cost of providing that news.
- Jonathan Callahan
I wouldn't want to buy the newspaper, but the domain name would be worth something.
- Scott Loganbill
Looking for a buyer, eh? I wish they could keep their independence. Media consolidation isn't good for our democracy.
- Bruce Lewis
Its getting bad in the industry *sigh*
- BCK
from twhirl
I don't think this is sad. It's progress. How many of these industries fail to see the writing on the wall: Music, Movies, Newspaper, Real Estate, Ticketing? If your product can be digitized, and was built during much simpler times, prepare yourselves. Unfortunately, often large Co. executives have little incentive to do anything other than hang on.
- coldbrew
The problem with Newspapers isn't that the owners are all highly leveraged because the ran around buying up every paper in sight. The aren't in a cash position to deal with a downturn or a major revamp of the business model. I wonder if newspapers being non profits are a way to go. Many papers from what I've seen were fairly recently turning a profit, just not a BIG enought one for investors who see the papers as simply another block in thier portfolio.
- Leroy Clark
It cracks me up to see geeks doing superior dances on the graves of failed newspapers, when the same advertising depression is affecting online media too. It's like people on the poop deck of the Titanic saying that only the bow is under water, and in fact, they themselves are rising! When the economy turns around the newspapers will recover, as will online revenue.
- Joe Knapp
Knapp, The Rocky Mountain News is publishing their last paper today, so they cannot recover; it is over (after almost 150 years). It "cracks me up" to see someone claim that a product that uses digital distribution will be in the same boat as a product reliant on physical production and distribution. That simply is not the case. Seattle PI and SF Chronicle are probably next.
- coldbrew
Maybe these newspapers should think of themselves as brands and not aggregators? What if all newspapers followed the Scoble model of publishing? He publishes well written, timely information, without the need for editorial review, but its all "branded" under the trusted Fast Company brand. Certainly seems like a much more inexpensive and agile environment to operate in. Also, it doesn't require a large ad spend to maintain a building full of OH and capital costs just to deliver the content. My $0.02.
- Robert Edwards
Ours died yesterday (and of the 2 that managed to survive the entire 20th century, the Rocky should've stayed and the Post died) http://www.reuters.com/article... and I won't be surprised if yours dies today. Sadly, I think we'll actually miss them more after they're gone... but then, I like pre-television radio shows as well.
- Lucretia Pruitt
there's a lot of people who still read papers - a lot of people who dont get the tech world. what i see is more privisation of the media/newspaper world being bought out by the murdochs and the packers etc
- Terry O'Fee
im fully for the digital media but theres lots of people who still like the newspaper. when my father is here in town he downloads the local broken hill paper and prints it because he likes reading it as he's used to - he's only 50 and "gets" the tech industry (its a job for us) but for him reading a paper means reading it on paper, its not going away any time soon..
- Terry O'Fee
Terry: Agreed, on the certain volumes of info needing to be printed. I'm only 38, but if the article runs more than a few pages, it gets printed. The more I think about it, maybe the newspaper's real problem is the fact they own so much of the distribution chain. Much like the problem with broadcast TV owning stations, programming, etc. The current delivery and distro models are too expensive.
- Robert Edwards
Terry -- I disagree: I think the entire newspaper industry is going to collapse quite soon. Its financial viability bears little connection to your father's reading habits.
- Sean McBride
My parents still read the newspaper in print as well (despite having a fast internet connection). Edwards is right, newspapers are too vertically integrated owning the means of production and distribution, not to mention the ad sales teams.
- coldbrew
if you think the newspaper is going to die you're very naive. there's lots of people in the world that still watch the television and read the paper for news. the newspaper will be here for a while, im just saying the small independant companies are going to be bought by the majors. look at your family, i mean older family. not all of them are net savvy. if they are, they're the exception
- Terry O'Fee
As a librarian, I often talk about media in my presentations. When we review different types of print media (journals, magazines, newspapers, etc.), I keep waiting for the day when I have to define what a newspaper is to the students. Ten years maybe.
- Kenley Neufeld
Terry -- are you paying any attention to the financial health of "the majors"? To the fortunes of Sam Zell, Arthur Sulzberger Jr. and other newspaper moguls? They are in deep trouble as we speak. Don't confuse sentimental attachment to a particular physical format with the financial viability of an industry.
- Sean McBride
i dont give a flying (*&(* myself, i never buy a newspaper myself, but its going to be another generation before we see the death of the newspaper. do you really think in ten years time everything is going to be online? seriously...
- Terry O'Fee
I stuck two unrelated comments together, oops. Re: Older people still prefer the physical paper they've known. These older people will continue to pass away leaving less of them to demand a print version.
- coldbrew
Terry: how do you interpret the latest financials on Zell, Sulzberger and other major newspaper owners?
- Sean McBride
it will eventually happen, i agree. but not for a while. the rich will get richer and buy the suffering.
- Terry O'Fee
i dont know, considering i live in australia. there's more to the world than the US... i know that news corp seem to be going borg on everything here..
- Terry O'Fee
Classified ads have taken a serious hit over the years as Craigs List has grown quite popular. That was a good revenue source for newspaper organizations.
- coldbrew
Artificially creating a need for the physical paper by selecting certain pieces of content for print-only is shortsighted.
- coldbrew
and then there's fairfax as well.. but hey. i'd like to agree on your transmetropolitan news society myself. i just dont see it happening soon, if they crashed we'd really be in a a spot of bother and there would be more to worry about then the print media, it would be everyone
- Terry O'Fee
Print is just too expensive, and eventually the numbers of people reading will not satisfy ad buyers. Newspapers will then increase the cost of a newspaper, and those 'digital hold-outs' will rethink buying a newspaper at 2-5x the current cost.
- coldbrew
Maybe they are right and all newspapers will be gone in 10 years. I know that the NYT would love to unload the Boston Globe and I have no idea what is holding the Boston Hearld up.
- John Flynn
My gut feeling is always that if there is enough need for something, it will never entirely die. Newspapers may go out of style in a big way, many of the larger papers may morph into something else, but there are still times and places where newspapers are the best and most convenient choice - rural areas for instance where internet and cell phones are not abundant... or those markets...
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- Wendy Peters
from twhirl
Interesting how cavalier everyone is being about the death of a major paper. Today it's the Rocky Mountain News, tomorrow it will be yours. When a paper - or an industry - collapses it's not just your history you're losing (150 years of newspaper archives,) it's hundreds of jobs. From the editors to the writers, to the photographers, cartoonists, printers, retired people doing...
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- Fortunalee
from twhirl
Coulda said many of the same things about the wagon wheel business 100 years ago, Fortunalee. Some "industries" will not survive the digital age, and the ink-on-dead-tree industry is one of them. This has been obvious for a good 5-10 years, and I trust many of the affected people you mention have planned accordingly.
- Anthony Citrano
I don't think anyone is being cavalier about the death of the newspapers. Most of *us* are simply pointing out that the industry failed to recognize how real-time digital distribution would impact their industry, and change accordingly.
- coldbrew
Anthony, while the wagon wheels certainly carried us farther from the shores of the original colonies, they didn't chronicle who and what we are. And face it - they were awfully hard to fit in your pocket. ;) Everyone here is so "tuned in" to the electronic world, that they seem to dismiss the fact that an enormous portion of the population isn't. What happens when not just one paper in...
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- Fortunalee
from twhirl
that's what im trying to say. i love the digital realm and media but i think a lot of people think it's going to take over the world. not yet..
- Terry O'Fee
Coldbrew: 100% agree. Fortunalee: your starting to cross over into a new topic, not off topic, but a new topic that concerns me greatly. And that is the destruction of our historical record. For all the geeks on FF, most of us could not easily read a data storage device from 15 years ago, but we can read a 15 year old newspaper! A separate thread on access to current and historical info should probably be started. Great comments.
- Robert Edwards
O'Fee: digital media have already taken over the world, massively; the tipping point was reached years ago. Where have you been?
- Sean McBride
Regarding archives: consider: many duplicates of digital documents exist on personal, corporate and institutional hard drives all over the world. If anything, this informal archival system is more secure than traditional paper archives.
- Sean McBride
Newspapers are dying. The only thing that will save them is if they get progressive and more up to date soon. Staying old school does not help them at all
- Rob Cairns
Anybody get Jason Calcanis' latest email "What to do if your startup is about fail"? He says, "A lot of CEOs with less than 12 months of capital left have been asking me for advice about what to do, given the massive economic turmoil we're facing." Yes. It's called a depression, affecting everybody. See http://www.techcrunch.com/tag... to dance on the grave of "new media."
- Joe Knapp