Re: Best Online News Sources? Paid or Unpaid?
Originally Posted by
vertical_doug
There was a bigger problem, I believe.
Newspapers revenue, which paid for the journalism, came from 1) Entertainment advertising/ movie theatre listings. It went online and also heavily into linear television. Also, as the newpaper audience aged up and movies have always been a 12-34 demo it lowered their efficiency and drove away advertising. Plus, the internet became a go to for finding screening times. 2) Real Estate went to the internet. Witness Zillow, Street Easy, even Realtor.com for instance. 3) Classified look to Craigslist and then other online basis services.
If you don’t have revenue, then you can’t afford journalists.
Plus, you have high fixed costs for printing plants which just don’t sell that many papers any more (witness even the title of this thread….ONLINE).
Which then attracts the PE guys who just want to cut costs further to “make the numbers” which means cut staff and centralized/ generic-ize the news and do more clickbait-y stuff.
No one ever cut costs/ capex/ investment/ name your building block in any business and grew it.
I am seeing this same movie again in local television and the radio business is also a rerun of the same.
« If I knew what I was doing, I’d be doing it right now »
-Jon Mandel
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