My predictions about the changing media business model continue to materialize and, for someone who started his working life in newspapers, it is sad to see the demise of newspapers. The future for newspaper is increasingly digital and with a new business model. The following extracts are from The Wall Street Journal.
“The Rocky Mountain News on Thursday became the largest-circulation daily to close its doors in the newspaper-industry crisis, after publisher E.W. Scripps Co. failed to find a buyer for the 150-year-old Denver paper.
“The closure of Colorado's oldest newspaper, which prints its last edition Friday, makes Denver the first of what could be a string of major metropolitan markets to lose a daily. Tumbling advertising revenues have endangered one or more dailies in Philadelphia, San Francisco and Minneapolis, among others, and two publishers have filed for bankruptcy protection in the past week alone. …
“Throughout the industry, newspapers are resorting to radical tactics to surmount the current challenges. On Thursday, Newsday owner Cablevision Systems Corp. said it will switch the free Web site of the Long Island, N.Y., newspaper to a subscription offering, potentially only for the cable operator's customers.
“The effort may be the first large-scale experiment in charging for a newspaper Web site that had previously been free. The Wall Street Journal, which is published by News Corp., is the biggest newspaper to charge for online subscriptions, but it has done so for about a decade since its Web site's inception in the late 1990s.”