The Blog | Jeff Jarvis: Who Wants to Buy a Newspaper? | The Huffington Post:
"First, buying a paper as it stands today is a no-win deal. Newspapers are not growth businesses. Though profitable, they are shrinking businesses."
You know what's a no-growth business, cigarettes. Yet at the same time, Altria is considered the best stock to own. This is a product that is literally killing off it's consumers, but is a pillar of the S&P 500. Check Yahoo Finance to see it's net profit margin and compare that to KR (MO vs. KR)?
The newspaper business is not no-growth. Growth is on the Web and presenting an interesting and established new articles while at the same time selling ads. Sounds a lot like what they do now .....
Newspapers have been under assault since radio, TV, Internet, magazines, Cable news etc. have started and they still seem to do well. Things change, but we still have books and board games. The point is that folks shift things over, but they don't abandon them like a bunch of lemmings.
"First, buying a paper as it stands today is a no-win deal. Newspapers are not growth businesses. Though profitable, they are shrinking businesses."
You know what's a no-growth business, cigarettes. Yet at the same time, Altria is considered the best stock to own. This is a product that is literally killing off it's consumers, but is a pillar of the S&P 500. Check Yahoo Finance to see it's net profit margin and compare that to KR (MO vs. KR)?
The newspaper business is not no-growth. Growth is on the Web and presenting an interesting and established new articles while at the same time selling ads. Sounds a lot like what they do now .....
Newspapers have been under assault since radio, TV, Internet, magazines, Cable news etc. have started and they still seem to do well. Things change, but we still have books and board games. The point is that folks shift things over, but they don't abandon them like a bunch of lemmings.
posted by Spud at 8:57 AM
0 Comments:
Post a Comment
<< Home