|reply to drew |
Re: Business Plan
said by drew:I don't think they can. Or at least, 80-90% of them cannot get paid for it.
Now for my question... how does everyone propose that reporters get paid? You and I don't want to pay for it. The for-profit companies aren't interested in being unprofitable...
Newspapers are trading analog dollars for digital dimes. They get 10x as much advertising revenue for a paper subscriber, than for a digital reader. Thus, even if a user pays for an online subscription, the newspaper is still well behind in terms of revenues.
Adaptation means something like what the Seattle PI did. They shut down the paper and became an online-only publication. But at the same time, they laid off 100% of their printing staff, and 80% of their reporting staff. In other words, they reduced their expenses to match the expected online revenues.
Sometimes, there's simply no easy way to adapt. You either shrink or die, and that's the end of the story. That's the nature of capitalism. It doesn't care how great a blacksmith you are -- interchangeable parts turned that profession into a niche.