Rolling through my daily reads I came upon a post by Robert Gorell of FutureNow. Newspapers, as I’ve been discussing lately, seem to be leaning toward increasingly irrelevant forms of getting news. Robert brings up an interesting point concerning publishers; are they growing weary of newspapers being given a run for their money by online news and television? One has to wonder if those holding ownership and investment, albeit a great deal of investment as in Warren Buffett’s case, will ultimately be the death of the paper news medium. Are they willing to risk their money to try and hold out against the internet onslaught? Nahhh– They will just convert their paper to pixels. I.e.– see USA Today, embracing the social media craze and a revamped website. But there are others such as philanthropist Eli Broad concerned about the future of newspapers, specifically the L.A. Times, "I believe that a newspaper is a great civic asset and that ownership
is best in the hands of foundations or wealthy families that want to
own it for reasons other than maximizing profits… I also believe newspapers should remain in local hands." See article by USNews.com.
Publishers these days have the assets to keep a newspaper going which is bringing in less than significant numbers. Money makes the world go round. Will their money keep the papers rolling around the world???
More to come later, got some paperwork to get through.