The guy who used to own the Inquirer, Walter Annenberg, became a billionaire in large measure because of something else he owned, TV Guide, which came about after Annenberg's Triangle Publications bought a bunch od regional TV listings publications. If newspapers paid the kind of attention to the internet that they still do to network TV they could become indispensable in helping people navigate the web. Of course, they'd first have to learn to navigate the web, and a mindset that still pays so much attention to network TV is unlikely to be able to do that well.
Update: See also The Chasm Between the Value of Print and Web Readers. (Hat tip, Paul Davis.)
Well, yes: Technology makes things cheaper. Printed books cost a lot less than illuminated manuscripts. TV got a boost because it was free. Both TV and newspapers - and magazines - have been dependent on ad revenue. The real story is that advertisers may have found, in the internet, a better and above all chapter way to do their thing. After all, they were never paying all that money to networks and publishers out of the kindness of their hearts.
Post bumped.
Update: See also The Chasm Between the Value of Print and Web Readers. (Hat tip, Paul Davis.)
Well, yes: Technology makes things cheaper. Printed books cost a lot less than illuminated manuscripts. TV got a boost because it was free. Both TV and newspapers - and magazines - have been dependent on ad revenue. The real story is that advertisers may have found, in the internet, a better and above all chapter way to do their thing. After all, they were never paying all that money to networks and publishers out of the kindness of their hearts.
Post bumped.
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