No Bailout for Newspapers

[click]

No bailout for newspaper industry: White House

The White House on Monday expressed "concern" and "sadness" over the state of the ailing US newspaper industry, but made clear that a government bailout was not in the cards.

"I don't know what, in all honesty, government can do about it," White House spokesman Robert Gibbs told reporters. "That might be a bit of a tricky area to get into given the differing roles."

Gibbs was responding to a reporter who asked what the White House thought about the recent closure of several US newspapers and a threat to shut down the venerable Boston Globe.



More here:
http://www.breitbart.com/article.php?id=CNG.f413ea764bdd748b81dd69dfb219007f.b41&show_article=1



Hmm...I am not sure what to think about this. Thoughts?

[TheMiddlePath]

Hmm...I am not sure what to think about this. Thoughts?


Job vacancies here.
http://www.cctv.com/english/special/job/homepage/index.shtml

CCTV is changing and expanding every year.

[Kilgor]

The tree based delivery system for news is dead. Only the cheap local rag will survive.

Reduction in advertising and services like craigslist have doomed them, not the GFC.

[nullterm]

The telegram industry didn't get a bail out either.

Dunno, things are changing. The web has opened things wide open to the whole world devoid of paper and delay.

On the other hand, any time I'm in a restaurant or coffee shop flipping through a newspaper I always get more of a local sense of what's going on in my immediate community.

Sad to see the paper go.

Edit: good point on advertising Kilgor.

[Violet Fashion by Mindy]

Newspapers will not die. People will always buy newspapers. Papers just need to centralise their news sources to reduce costs, change to a tabloid layout (but keep their editorial integrity) and make sure the product is what the consumer wants.

The other stupid thing is that many of these same companies have a huge internet presence that would be costing millions a year which basically give away their product for free. Hello Earth to newspaper barons. Giving away product for free is not going to make you any money

[nullterm]

The big trend here are free newspapers that they hand out and Skytrain stations. It gets really annoying because they end up littering sidewalks and trains.

[Ordie]

Hmm...I am not sure what to think about this. Thoughts?

Business model is outdated. Ad revenue stream has been overtaken by Craigslist and news is dispensed through blogs, often very subjective and ill-informed.

The future newspaper model may come in form akin to NPR radio. High quality, in-depth reporting supported by public/private donors.

The demand for high quality in-depth reporting is still there. The key is to provide it through a tangilbe high quality medium.

One of my favorite example of what a newspaper should provide is "Monocle Magazine". Its high end monthly magazine, easy to read backed up with an incredibilie simple website and pod-cast. The cost per issue is $10 its worth every dime and shelve it on your bookstand.
http://www.monocle.com/Magazine/volume-3/Issue-23/
http://www.monocle.com/sections/affairs/Web-Articles/Danish-Navy/

[Kilgor]

The big trend here are free newspapers that they hand out and Skytrain stations. It gets really annoying because they end up littering sidewalks and trains.

Thats the future. Trashy 1 minute attention span articles for commuters. Written by cadet jounalists and handed out by kids with nothing better to do. Apparently newspaper ink per weight is more expensive than gold, and good journalists, paper and the trucks to deliver it aint cheap either.

And the worst problem, tree based lag. To update the news on a paper is not quick vs the web.

I love sitting down to a newspaper in the morning with a cup of coffee, but those days are sadly numbered.

[Ordie]

I love sitting down to a newspaper in the morning with a cup of coffee, but those days are sadly numbered.

X2

Newspapers are much more accessible in terms of glancing every topic. That's something you can't do with the web.

My local paper is becoming more crap. Almost all of the stories are from wire services (AP/UPI/*******). It's becoming like the USA Today and the local reporters are fresh from journalist school with no comprehensive knowledge about the world.

I'm willing to pay for a higher subscription if the newspapers gives me more value and in-depth reporting.

Given the lack of investigative reporting, I'm afraid fraud, waste and abuse of government and business will go unreported and carry on.

[XShipRider]

Journalism itself is a dying art. Reporting facts has become twisting those very facts to fit an agenda, little more.

[Panchito12]

Newspapers will just move online, and advertise online.

Look at the bright side: All those pro-Democrat union-heavy printing & delivery jobs are GONZO.

[Soldat_Américain]

Newspapers will not die. People will always buy newspapers. Papers just need to centralise their news sources to reduce costs, change to a tabloid layout (but keep their editorial integrity) and make sure the product is what the consumer wants.

The other stupid thing is that many of these same companies have a huge internet presence that would be costing millions a year which basically give away their product for free. Hello Earth to newspaper barons. Giving away product for free is not going to make you any money

I liked it when the LA Times had reporters all over the world, especially when they had sections called the Valley Voice back in '99 when my high school won the division championship in football, and two years later they axe the section. Definitely one of the better papers but the down turn happened a long time ago when they sold to Tribune and the Chandler family going psycho. It's hard to get news even out of my local rag when I'm at home.

[Walter Sobchak]

Poor journalism and ideologues masquerading as editors is killing the fish-wraps. As my old managing editor used to say, "We're here to sell advertising, not win the Pulitzer". He was right.

As long as people ride mass transit, have coffee and danish at the local diner, sit on the patio with a cup a Joe and the Sunday paper and enjoy being left alone in the Laz-E-Boy recliner after a hard day, there will be a market for a good, well-run daily fish-wrap.


Journalism itself is a dying art. Reporting facts has become twisting those very facts to fit an agenda, little more.

This began on the heels of Watergate. I packed up the old Adler portable and reporters notebook in the mid-70s and sadly left the Fourth Estate to those who were there to "change the world" at the expense of the news business' integrity. In 1970, newsmen were in the top 10 "most respected professions", but now, they are near the bottom with trial lawyers and politicians!

[Siddar]

Newspapers will not die. People will always buy newspapers. Papers just need to centralise their news sources to reduce costs, change to a tabloid layout (but keep their editorial integrity) and make sure the product is what the consumer wants.

The other stupid thing is that many of these same companies have a huge internet presence that would be costing millions a year which basically give away their product for free. Hello Earth to newspaper barons. Giving away product for free is not going to make you any money

Newspapers are just as obsolete as the saddle making industry sure people will still buy a few of them but the glory days of the industry is in the past. The internet can simply do everything a print newspaper can do but do it both faster and at a lower cost.

The reason newspapers post there news on the internet for free is because they need to maintain there regional niches as information sources. If they tried to charge for there internet news they would quickly be replaced by news sources that were still free. Where in a age now where more people get there news via the internet then through buying a paper. The people getting news from internet still want mostly the same types of news as people the used to buy papers. If newspapers tried to wall themselves off from the internet it would simply create a vacum for others too duplicate the same content being walled off by the paper. The new sources would be built on a lower cost model so as to be able to survive on meager internet advertising revenue. So walling off there news from the internet would only have the result of creating local competition that has a inherent cost advantage. The result would be newspapers signing ther own death warants so failure to maintain a strong presnce on the internet is simply not a option.

[Mr Gently Benevolent]

Business model is outdated. Ad revenue stream has been overtaken by Craigslist and news is dispensed through blogs, often very subjective and ill-informed.

The future newspaper model may come in form akin to NPR radio. High quality, in-depth reporting supported by public/private donors.

The demand for high quality in-depth reporting is still there. The key is to provide it through a tangilbe high quality medium.

One of my favorite example of what a newspaper should provide is "Monocle Magazine". Its high end monthly magazine, easy to read backed up with an incredibilie simple website and pod-cast. The cost per issue is $10 its worth every dime and shelve it on your bookstand.
http://www.monocle.com/Magazine/volume-3/Issue-23/
http://www.monocle.com/sections/affairs/Web-Articles/Danish-Navy/
x2 on that, people are willing splash out for a decent read, the articles in Monocle are informative not overly long, its a magazine you want to hold onto for a wee while rather than toss it in the trash after reading.