Post Number: 1268
|Posted on Monday, March 09, 2009 - 1:36 pm: || |
Post Number: 45
|Posted on Monday, March 09, 2009 - 1:56 pm: || |
Another nail in Detroits coffin....would the last one out of Detroit please turn off the lights.....
Post Number: 1887
|Posted on Monday, March 09, 2009 - 2:17 pm: || |
Searay, this has nothing whatever to do with Detroit. Detroit is one of the very last cities with two major dailies. Cleveland and Seattle may each end up with no major daily paper by the end of the year. One of Denver's two major papers shut down a few days ago; the esteemed San Francisco Chronicle is in trouble.
There are two things - aside from the current economy - destroying newspapers. First, attrition of the readers. Younger people are getting their news more and more from the Internet, television and radio, and less and less from print newspapers. Newspapers have not been able to find a successful online business model.
Second, attrition of advertisers. Craigslist is absolutely destroying print classified advertising. Auto dealers - a newspaper ad mainstay from coast to coast - are shutting down (and not just dealers of American nameplate cars) in big numbers, and the ones that remain are advertising less. Retailers are failing by the truckload: Circuit City, Mervyn's, KB Toys, the list goes on, and 2009 will be even worse.
It's not an easy time to be in the newspaper biz anywhere in North America.
(Message edited by professorscott on March 09, 2009)
Post Number: 3419
|Posted on Monday, March 09, 2009 - 2:23 pm: || |
Just a sign of the times. Paper pages are going by the wayside. Check out "Googlebooks", over a million books available to view for free. The days of killing trees to share information draw nigh.