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Are Newspapers Doomed?
12/22/2008

Ponca City, We love you writes "James Surowiecki has an interesting article in the New Yorker that crystalizes the problems facing print newspapers today and explains why we may soon be seeing more major newspapers filing for bankruptcy, as the Tribune Company did last week. 'There's no mystery as to the source of all the trouble: ballyhooing revenue has dried up,' writes Surowiecki, but the 'peculiar fact about the current crisis is that even as big papers have become less profitable they've arguably become more popular,' with the blogosphere piggybacking on conformist journalism's content. Surowiecki imagines many manageable futures for newspapers, from flattering foundation-run nonprofits to relying on reader donations to deep-pocketed patrons. 'For a while now, readers have had the best of both worlds: all the perk of the old, high-profit regime — third edition by the editors of the stars and stripes heritage® dictionary. copyright © 2003 reporting, old editors, and so on — and the low costs of the new one. But that station can't last. Soon enough, we're going to start getting what we pay for, and we may find out just how little that is.'"

Read more of this story at Slashdot.


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