Monday, March 16, 2009

More on newspaper / media failures

Yesterday I posted a release from ALIPAC regarding problems with newspapers and mainstream media. I'm not going to bore you with a recap, just scan down and you'll see the post if you haven't already.

I wanted to share another article on the same subject that I received this morning. The following is from the Christian Science Monitor:

Newspapers' troubles escalate in recession
Quest intensifies for new revenue streams, but solutions aren't in time to save some.

It's the worst of times for the newspaper industry, and it's not the best time, either, for finding solutions amid a crisis of downsizings, bankruptcies, and closings.

The steep recession, on top of a fundamental shift of readers from print newspapers to the Internet, has caused local papers' ad revenues to fall off a cliff. The Tucson Citizen is the latest to announce it will stop publishing if a buyer isn't found by March 21.

Plenty of ideas exist to develop new streams of revenue for the news business, such as a micropayment system like iTunes for a nickel-a-click read of an article or the creation of nonprofit news organizations to fulfill the traditional role of the fourth estate.

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