Should all the United States’ Largest sized Newspapers Live through a further Times?
A few years back Eric Schwartz CEO of Google made a fascinating comment, he said he didn’t know when, but he thought that the Internet would eventually replace newspapers, or that newspapers would evolve into something different than they’re today. Needless to say, no established business ever wants to die, and the major newspapers in the United States are having a heck of a time creating a profit. When it weren’t for the 2008 presidential elections with Barack Obama and his campaign spending over $700 million in advertising, many of them wouldn’t have made it this far.
Now the major newspapers are complaining about a number of things, including copyright infringement (in reality that’s been an excuse), and they’ve asked the Federal Trade Commission to appear into this, to provide them more protection, as the Internet is stealing their business. pool result May be the Internet and the blogosphere really stealing the industry out from under the newspapers? Or is it rather that the newspapers are failing to evolve in this new paradigm shift.
And it’s not merely in the United States, in France “The Le Monde” is making less and less each year, and finding fewer subscribers. Only the Wall Street Journal, and USA Today had increases in subscriptions this year, whereas all of those other major daily newspapers, were losing money, and losing subscribers. Speaking of the Wall Street Journal, there clearly was a fascinating article by Max Colchester titled; “France’s Le Monde Seeks Sale.” Obviously, they saw the writing on the wall and realize they’re in a losing game, and are therefore selling their newspaper, one with a wealthy tradition there.
This is a worldwide issue apparently, not merely in the United States, this indicates rather unfortunate our government is willing to prop up still another industry, or provide barriers to entry in a competitive marketplace, or even bail out the newspaper industry and other portions of the media, because they did Wall Street, the banks, and the auto industry. Currently, the reason newspapers are losing subscribers is because their content isn’t that good anymore.
For instance, in my own area I will get the LA Times, the New York Times, and the neighborhood newspaper, and read them at the neighborhood coffee shop. I often find Associated Press filler, meaning this same article appears in most three newspapers. The reason being all the newspapers has cut their staff, and reporters rather than competing available for better editorial content. They’ve shaved costs to compete, and therefore they’re no more giving quality content to the reader. Thus, they don’t deserve to survive.
In cases like this, you should expect the readers to migrate to other news sources, such as the Internet. For the Federal Trade Commission to get involved with a competitive marketplace for news, means that they will set up barriers to entry online to truly save a lot of newspapers who do not worry about their readers, continually cut down trees, and think they can escape with it. Further, the FTC is likely to stand for competition available, obviously not in this case. Please make an email of that.