Inevitable decline?
The sad decline of newspapers:
One of the biggest believers in the newspaper field sold its largest paper yesterday, as McClatchy Co. agreed to sell the Minneapolis Star Tribune to private-equity firm Avista Capital Partners for $530 million.
The price is less than half of what McClatchy paid for the paper in 1998, when it bought the Star Tribune from Cowles Media for $1.2 billion. The value of papers has declined as they face declining readership and a fragmented media environment.
Many words can be written about this - how newspapers are archaic form of news reporting and journalism - and they will be mostly right. However, at least for me, the new technologies didn’t provide yet good replacement for newspapers.
Although I can read them online I’m still subscribing to the print edition of newspapers and magazines. I didn’t find a technology that will replace the gratifying experience of turning pages and I like the editorial choices of these newspapers and magazines - the combination of both keeps me as a paying subscriber.
Can newspapers survive? I’m surely hope so. Probably in smaller circulation, hopefully with more comprehensive coverage and better analysis of the events they cover.
Technorati Tags: Newspaper - Old Media - Technology - New Media
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