Forget the journalism debate. Will investors continue to support newspapers?
An intriguing note from Steve Outing at PoynterOnline, pointing to a New York Sun story by Roderick Boyd. Boyd cites a Wall Street Analyst and a hedge fund manager who see problems in continued investments in newspapers considering the diffused competition, high cost structures, and growing use of the Internet as a channel for obtaining news. ‘That decreases the need to pay a dollar or more for it (a newspaper) let alone buy ads.’ Couple this with the fact that Craigslist had more classified ads than the New York Times in the last quarter, and Outing concludes that “that Wall Street is going to devalue newspapers in the coming years for not having done enough to counter online threats, a la Craigslist.”
02/08/05 | 0 Comments | Forget the journalism debate. Will investors continue to support newspapers?