Skip to main content
Galleries Recent Posts Archives
Tags

AAPL Abuse of Executive Power Acquisitions Addiction Adult ADD Adult Video Convention Advertising Age AIG Airline Travel Alan Greenspan Allen & Co. Amazon american airlines Analog solutions Analysts Andrew Carnegie Anger Annoying Employees Anxiety AOL Apple Archimedes Arjun Murti Armageddon Arnold Schwarzenegger Ask Bing Assistants Augustus Auto Bailout Baby Boomers bad days Bad guys Bailouts Bank Failures Bank of America bank write downs bankers Banking laws Barack Obama Barry Bonds Barry Diller Batman Bear market Bear Stearns Bed Bath & Beyond Ben Franklin Bernanke Bernard Madoff Bert Fingerhut Best Buy Beverly Hilton Big Bad Corporations Big Fish Games Bill Clinton Bill Gates Bill O'Reilly Bing Bing Awards bing recommends Bing Videos Bing's Law bingstuff Bipolar BlackBerry Bloggers Bluetooth Bobby Flay body language bogus dudes Bonds Boneheads Bono Bonuses Book Stores books Boomers Booze Booze in First Class Bosses Boy Scouts Brand Encroachment Brand Loyalty Brazil Brian Greene British Air Britney Britney Spears Brooks Brothers BS Bubbles Bullies Bulls**t Jobs business dinners business ideas Business Language Business Life Business Media Business Stories of the Year business travel Buzzwords Caesar call to action Canada Canon Capitalism Captive Marketing Carat Carbon Footprint Careers Carl Icahn CBS News/NY Times Poll Celebrity Meltdowns Cell phones CEOs CES Character Character Issue Chauncey Gardiner Cheese balls Cheese Logs cheeseburgers Cheryl Crow China Christmas cheer Chrysler Chuck Prince Citibank Citigroup Clone Monkeys Cloud computing CNBC cnnmoney Comment of the day Complisults Computer geekery computers Confidence games Congress Conspiracies Consultants Consumer Confidence Consumer Electronics Show Consumerism conventions Corporate Apologies corporate culture Corporate Retreats Corporate Sanity cost of housing Costco Countrywide coyotes Crazy Bosses Creative Capitalism credit cards Credit Suisse crooks (alleged) cubicles Cutbacks Dalai Lama David Beckham David Geffen Davos dead cat bounce Debt Dee Dee Myers Democrats Dennis Levine Depression Depression (emotional) Derivatives Designer Stubble Diabetes Dictator of the Week Diets digital elph Digital solutions to analog problems Digital Transition Dracula Drinking Drunken Excess Duke Nukem Dumbest Moments Dummies E-Mail E.U.R. E3 EBay Economic analysis Economic Imperialism Economic Meltdown Economic Stimulus Economic Trends Economics Economists Edith Piaf Edward Liddy electronic communications Eliot Spitzer Elvis in Business Elvis! Emeril Employee Dementia eOnline Equity Eric Schmidt Erin Callan Euphemisms Excel Excellence Excessive Exit Packages Excuses Executive Compensation Executive Dementia Executricks Exits and Entrances F. Scott Fitzgerald Fables Facebook Fannie Mae Fascist Architecture Fashion Father's Day Fathers FEMA's response to hurricane Katrina Fidel Castro Financial Times Firing People Flight Attendants Ford Ford and Chrysler Foreign Investment Fox News Franklin D. Roosevelt Freddie Mac Free Market Capitalism Fried Chicken Frivolous lawsuits FUBAR Fungibility G20 Summit G7 Galleries Game Theory Gas Mileage gas prices Geithner Gen-X Gen-Y Gen-Zero General Electric General Motors Genghis Khan Geoff Colvin George Soros George W. Bush George Washington Georgetown Getting a raise Global solutions Global Warming Gluten GM God Goldman Sachs Good Guys Good News in Bad Times Goodwill Goofing Off Google Google Alerts Government Accountability Office Grammar Gray Goose Martini Greed Greedy Banks Greenware Grocery Stores Hamburgers Hank Greenberg Hans Christian Anderson Happy Trends Hardware Stores Harry Potter Harvard Business School Harvard Community Health Plan Harvard Graphics Harvey Weinstein Health Care Health Plans Heart Disease Heath Ledger Hedge Fund Managers Hedge Funds Heidi Klum Henry Clay Frick Henry Ford Henry Schleiff heparin Herb Allen Highlights for Children Hitler HMOs Holiday Cards Holiday Cheer Holiday Parties Holiday Shopping Season Home Depot Honda (HMC) Hope Horrendous Blunders Hot dogs hot nuts House Republicans How to Get A Promotion Howard Hughes Human Genome Human Misery Human Resources Hyenas IBM Ideas for Warren Buffett IHOP Illegal Firing of Attorneys General Immigration Impostors Inauguration Inc. inflation Information in the Digital Realm Information Overload Insourcing inspirational stories Insurance Companies Interest Rate Cuts International Project Managers Association Investment Advice Investment banks Investment Trends IPhone IPod IQ Iran ITT ITunes J.P. Morgan Jack Welch Jamie Dimon January 1 Japan Japanese Corporations Jargon Jerks Jerry Levin Jerry Yang JetBlue JFK Job Interviews Joe Armstrong Joe Mama Joe Sixpack Joe the Plumber John Dvorak John Ford John Keats John Mackey John McCain John Stewart John Thain John Wayne Johnny Walker Black Johnny Walker Red Jon & Kate Josef Stalin Journalism JP Morgan Chase JPMorgan Chase Karl Rove Karoshi Kazaa Ken Lewis Kenneth Lay King Kong Kiplinger Kurasawa LA stuff Labor Day Lame Ideas Larry Craig Larry Page Las Vegas Layoffs Lehman Bros. Leonard Cohen Leopard OS Leverage LG Lindsay Lohan LinkedIn litigation Local Business London Lord Voldemort Los Angeles Love at the Office Loyalty Lying Mac Air Macadamia Nuts MacBook Air Macbook Pro mache Machiavelli Macy's malware Managing Up maniacal Marcus Aurelius Marilyn Monroe Marketing Marketing breakthroughs Marketing In Your Face Marshall Field's Martha Stewart Marvel Comics Mass hysteria Mass Media Massive writedowns Materialism Maxim Magazine Maybach MBIA MBWA McCain McClatchey McDonald's McKinsey Mean Bosses Media mediabistro.com Medical impact of bad management Medicare Meerkat Gang Sculpture Meeting Narcolepsy Memorial Day Mergers Merrill Lynch Michael's Microsoft Microsoft Bing Microsoft Outlook Mike the Headless Chicken Misogyny MIT Mitch McConnell MMORPGs Mob Behavior Modest Proposals Moguls Monday Morning Monetization monetizing celebrity Monetizing the Internet Monster.com Motivational Issues Mountain bikes Murphy Bed Mussolini MySpace Nano Technology Napster Narcissists National Boss's Day National Bureau of Economic Research NATPE Netscape new year's New Year's Resolutions New York Nigeria Nigerian 419 scam nightmares Nintendo Non-Fungibility Obama Obesity obnoxious spam Occupational Hazards Oil prices Olestra on the road Oprah optimism Organization theory Organizational Life OS X 10.5 OS X Leopard Osama Bin Laden OSHA outsourcing Overused words Panasonic Panic Panic of 1819 Paranoia Paris Hilton parsley Paul Krugman Paulson Pay Cap Payback PCs Peeves Perp walks Personal Injury Lawyers Personal Integrity Pessimists Petaluma pets Physician's Desk Reference planes Pogo Poisoned Toothpaste Politics Pontiac Ponzi Schemes Possible solutions to air travel crises Post-Bailout Letdown Post-Christmas slump Powerpoint PR Kudo of the Day prayers President for Life of Turkmenistan President Obama Pretentious Buttheads price of automobiles price of gasoline Price of Oil Pricing Productivity Prognostications Propaganda Public Disgrace Public Relations Pundits putters Quality Question of the Day Quizzes Quote of the Day Rabbits on the golf course Rachael Ray Rampant consumerism Random Acts of Spending Reader Bulls**t Jobs Reader Crazy Bosses Reader Wisdom real estate speculation Real Estate Values Reality TV Recession Recession Skills Recovery Regulatory Policy Republicans Restricted Share Units retail Richard Fuld Richard Gere Richard Nixon Rick Wagoner Right brain function Ring Tone Abuse ritual sacrifice RLS Robert Nardelli Robotics Rock Hard Abs Rod Blagojevich Roma Ron Perelman Root Canal Russian Vodka Salarymen Sam Zell San Francisco Santa Claus Saparmurat Niyazov 1940 -- 2006 savings vs. spending Savvy investments in a down market scandals Scapegoats Scary Bosses Scary Trends Scott McClellan Search Engines SEC Second Life Second thoughts Security Analysts Self-Inflicted Injuries Self-Interest Self-Promotion Senate Republicans Sergey Brin Severance Sex Shakespeare Shoichi Nakagawa Short sellers Side Effects Silver Linings Sir Isaac Newton SkyMall Small Pleasures Snafus Snail Mail social networking Socialist solutions to capitalist problems Sony Sony Playstation 3 South Park Sovereign Wealth Funds Spandex speeches spying Stalin Stan O'Neal Stanford Stanley Bing Starbuck's Steve Ballmer Steve Jobs Steve Kroft Steve Ratner Steven Seagal Stimulus package stinky coworker Stock Market Stock Options Stock Pick of the Day Strategies Stress Stress Test Stupid Contests Stupid deals Stupid moves Stupid Surveys Sub-Prime Loans Sudoku Summer Vacation Sun Valley Super Bowl Super Tuesday Superfluous Information Surveys Swine Flu System Administrators T.M.I. Target tax evasion Taxes technoid drivel Ted Casablanca TGIF Thanksgiving The 3:10 to Yuma The Associated Press The Black Crowes the blame game The Collared Peccary The Death of Retail The Dollar The Economist The economy The end of the world The Euro The Fall of Rome The Fantastic Four The Fed The Four Seasons The Four Seasons bar the Hope Bubble The Housing Market The Killer Quotient The Kindle The Media The Meltdown The National Mood The New York Times The Oscars The Rudeness Police The Silver Surfer The Stock Market The Tata The Triangle Shirtwaist Fire The Value of Money the War in Iraq the weather Things I Want You To Do Things That Are Gone Tibet Time Warner Time Zone Meltdown Timothy Geithner TMZ Toasty Christmas Tales Todd Purdham Tom Peters Top Performing Stocks Toxic Assets Toyota Matrix Toyota Prius Traffic Trends Trollope Tropical Fish Truth tuna fish Turkey turnaround Twinkies Twitter UAW UBS Uncategorized Uncontrollable Urges Unemployment Unfriendly takeovers Unions United Airlines United Fruit Unnecessary spending unwelcome marketing intrusions into daily existence Urban Legends Vacation Value of the Dollar Vampire Zombies Vanity Fair Venture Capitalists Verizon Verne Troyer Virtual Economy Wachovia Wal-Mart Wall Street Walt Kelly WaMu War in Iraq Warcraft Warren Buffet Warren Buffett Warren Spector Washington Mutual Waste Management Wealth Web Madness Weird Things We Eat Welfare Westinghouse Wetware Wharton What Your Boss Expects of You Whistling past the graveyard Who Is To Blame Whole Foods Wikipedia Woody Allen Work Life Initiative Work-related injuries Working From Home www.bracketsmackdown.com XBox 360 Yahoo YouTube Zen

comment Email     comment Subscribe

I go to a lot of meetings with a lot of bullsh**ters. One of the main topics of such people in a host of different businesses is a twofold argument with which they amuse themselves and each other. Here are its two prongs:

  • My business is coming up the ramp;
  • Some other business is dead.

The other business that is dead is, unless you are speaking to a very depressed person, not the one he or she is in.

So it depends on who you are speaking to, or to whom you are speaking, depending on whether that grammar stuff matters to you.

Following are the businesses that are dead, if you hang around with enough bullsh**ters in a wide enough range of fields:

  • The theater
  • Movies in movie houses
  • Public schools
  • Radio, because of satellite radio,
  • Satellite radio, because of Internet radio and ITunes
  • Broadcast television, because of cable and Internet video
  • Cable television, because of satellite TV and Internet video
  • Satellite television, because of digital television conversion and Internet video
  • Internet video, because of digital television conversion and downloading
  • DVDs, because of downloading
  • Downloading, because of the ubiquity of broadband streaming
  • Personal computers with hard drive capacity, due to cloud computing
  • Land-line telephones, because they’re so 20th Century
  • Any internet company that is not Google (GOOG), for obvious reasons
  • Google, because, well, how long can they keep THIS up?
  • Books, of course
  • Magazines, except the ones that we’re on the cover of, and…
  • Newspapers

The only one that everybody agrees about right now, among the b.s.-ing class, is newspapers. Newspapers are dead. Dead dead dead. Yes, Rupert Murdoch doesn’t seem to believe so, but he is incorrect in this, or doesn’t see the truth right now, or whatever. Because you know newspapers? They’re dead.

This is not helped at all by the appearance of Sam Zell, who bought Tribune (TXA), and whose chief operating officer recently announced they would begin to judge the value of journalists by the column inches they produced in a year. This is sort of like saying that Chichi’s is the best restaurant in America because it serves the greatest weight in nachos.

That aside, however, everybody does agree: they’re dead. One day there will be no newspapers, because No Young People Read Newspapers. Is this true? My kids are of sentient age. They read newspapers. In fact, they’re both knee deep in Obamamania right now, and read everything they can get their hands on. I see people reading newspapers on the street, in parks, on subways and buses… when you get a bad story in the newspaper it still ruins your day…

But no. They’re dead. Know why? Because Advertising is Down in newspapers. Now of course, advertising is sort of down across the board, and actually MUCH more disappointing on all those social networks everybody loves so much… and newspapers still attract a HUGE proportion of total advertising…

But no. Newspapers are dead. And advertisers read that and, timid little lambkins that they are, cut their budgets even more, because after all who wants to advertise in a dead medium?

Finally, newspapers are, you know, dead because they Haven’t Changed With The Times and News Is A Commodity That You Can Get Just As Well Online.

Except guess what. It’s not. I’ll just say what I think and get out of here. As always, if you agree, lob something in.

  • I like newspapers. I look at a few every day and even read some of each;
  • I don’t believe everything I read in the paper, but I’m interested in what they think is interesting;
  • Newspapers have been around a long time, from medieval days through the time of Horace Greeley (above) and beyond. Radio didn’t kill them. TV didn’t kill them. The internet will not kill them;
  • If there were no newspapers, all we’d have is the Internet, whose capacity for the promulgating and dispensation of bulls**t is unparalleled;
  • I am NOT interested in a PERSONAL, daily e-mail informing me only of the stuff I pre-select as of interest to me. What’s the pleasure in that?
  • If we all had a euro for every article in some medium that declared another medium dead, we’d all be Europeans;
  • Aggregators can only aggregate content if there is content to aggregate. No content, no aggregators;
  • Contrary to popular belief, journalism is an actual profession that takes training, talent and skill, and one of the most rigorous and necessary places in which it’s pursued is in newspapers;
  • 89% of all citizen-journalists are just full of it.

So let’s take a breath and just agree: newspapers aren’t any deader right now than any other coughing, wheezing business in this lousy environment. Lehman (LEH) is losing nearly $3 billion dollars this quarter. Nobody talks about investment banking being dead. Broadcast television just racked up more than $9.2 billion in its upfront sales season, in spite of analysts’ predictions that this year would be its last. And not one social network is really making a go of it yet.

Now you guys in newspapers could probably help a little, going forward. Why not stop writing pieces every day about how dead every other industry is? Just a thought, tough guys.

RE “89% of all citizen-journalists are just full of it.”

Where is Bob Shelby when you need someone to make a point for you?

Posted By I’mNotBob, Notinmichigan, USA : June 10, 2008 12:02 pm

I just read this article on the web and I’m on my way to the diner where I will enjoy reading the New York Post over lunch at the counter. I won’t focus on the news, however, but rather on insightful articles on the local social scene, sports and politics. I enjoy this regularly, which is notable being that I run Uppereast.com, which is a pureplay a hyperlocal Internet media company that competes with newspapers for local advertising dollars. They’re definitely not dead, I can tell you that, as we are battling them every day for business.

Posted By Steve Georghakis, New York, NY : June 10, 2008 12:31 pm

“89% of all citizen-journalists are just full of it”

Looks like a misprint. Real figure is more likely 99%.

Posted By Alex, Minneapolis, MN : June 10, 2008 12:51 pm

I just got done reading this article and believe that businesses have to accept change or die, however, being a small business owner myself I know change is difficult and costly. To survive one must take steps or face the next race. I run buypcsoft.com and internet based software reseller that competes with larger more powerful competitors like Amazon for advertising space and I can tell you that, as we are battling this economy every day for business.

Posted By Mehran, Missouri City, Texas : June 10, 2008 1:14 pm

I’m in the demographic that’s supposed to be out to kill newspapers, and I still read one almost every day. Mainly the free local papers — I’ve yet to find any websites that are anywhere near as comprehensive (although there are some high-quality sites covering particular topics, the local rags are still the best one-stop shop).

Do the bullsh**ters no longer mention the record companies? Is their death old news, or is everyone still covering their ears and saying “la la la sue em all till they learn to obey the DRM” ?

Posted By Rebecca, Philadelphia, PA : June 10, 2008 1:32 pm

Rock And Roll is dead too.

Read it in a newspaper once.

Posted By ghost, Denver CO : June 10, 2008 1:49 pm

Thank you! The continued existence of radio, which once was America’s evening news and entertainment, shows that a communications medium can mutate and survive, as can many other businesses.
One point about the blogosphere: Most of the people scorning traditional media and propounding their erratically punctuated conspiracy theories are reacting to some piece of information that they would not have without said traditional media. How else do you know what McCain said last night, or what the latest Al Qaeda tape said?

Posted By deegee, detroit, mi : June 10, 2008 2:17 pm

Upon reading the “DETROIT FREE PRESS” in the morning, I compare yesterday’s news from the “INTERNET” to today’s news in the “FREE PRESS”.

Once upon a time, this comparison was not available; “DEMAND” for breaking news was “VERY” high.

Today, “DEMAND” for breaking news is ultra high and the “supply” comes from a perforated conduit system through a “CESSPOOL”.

“NEWSPAPERS” tend to be “OVER QUALIFIED” for today’s demands.

We can save a newspaper for a thousand years; but we can delete electronic communication in a second.

Posted By Bob Shelby Twp. Mi. : June 10, 2008 2:34 pm

Well, thank God, the fact that my paper made $50 million last year and projects to make $50 m this year merely proves we’re dead. And the steady drumbeat of “they’re dead”s comes from usedtobees and neverweres, like the Pat Thorntons of the world.

Posted By Ron, St. Joseph, Mo. : June 10, 2008 2:57 pm

For some reason our local Gannett paper think it’s fashionable for on-line readers to contribute their rants to comment sections; example:
“That 10 year old deserved to get killed in that I-95 crash. His parents probably voted for Bush, too.”
It’s the content that matters… written by people that do it professionally for a living. Not the newsprint, 60 lb coated offset or HTML.

Posted By Steve, Merritt Island, FL : June 10, 2008 6:01 pm

Newspapers may not be dead, but their revenues are definitely set for a fall. Apparently, 50% of their revenue is from classified ad sales in autos, real estate, and jobs.

With craigslist growing the way it is, and with the mushrooming of several classified sites like http://www.weebers.com newspapers should not count much of revenue from classifieds in a few years.

With half their revenues gone, how would they survive? They could move online – i.e. all the journalistic reporting could be done online rather than in print.

Another option would be to raise prices. But how many people would pay $5 or $10 for something that they get for $1 or $2 today?

It definitely seems like a downward spiral – less revenue leading to higher prices or poorer reporting (or both), leading to even lesser revenue.

Just my two cents.

Posted By Bill Strum, Cleveland, OH : June 10, 2008 6:12 pm

I love the Google reference. Truth is, and I think this was your point to some extent, people have no freaking clue what is dead or not dead. It all comes down to change and wanting to live. If you are willing to change your business plan and your main revenue sources to keep up with the technology, then you will survive and thrive. If you are not, then you can not die fast enough.

Drucker called this “creative destruction” and it is necessary for new technologies and advances to take place. Buffet calls it intelligent allocation of a limited supply of capital investment. Essentially, kill off the weak and the unwilling.

Great post and like the blog!
Kevin at http://bushbaker.com

Posted By Kevin, Las Vegas, NV : June 10, 2008 9:55 pm

Sounds like an unpleasant meeting, Bing. As a young man in the information business, I read newspapers for fun and profit, and I, like you, don’t believe they’re Dead, or even Moribund. There’s a functionality and portability to print newspaper that you can’t really get with the internet. Sure, you can take your Blackberry or iPhone into the WC, or sit down to breakfast with it. But it makes you look like a tosser to all those who aren’t doing the same. Sit down with a newspaper and you look dignified and earnest, even if you open to the comics section first, like me. Another added bonus: you’ll never accidentally read a work email reading the paper.

Newspapers aren’t going away from the Table of Public Interest. They just have to make a little more room like they did with radio and television.

Posted By Andrew, Montco, MD : June 10, 2008 11:02 pm

I think newspapers are dead because they continue to shrink as opposed to expanding. Do not get me wrong I liked reading the newspaper. The depth of information provided is great – especially on local issues. The reason why my local paper, Atlanta Journal Constitution, is dead is the following:

• Business section made up almost entirely of AP/newswire stories
• Local coverage is all but gone except for the city of Atlanta. The county I live has a population grater them 8 states but no coverage.
• Classified are out of sight cost wise and prices silly for a shrinking market.
• Can not order weekend only delivery
• Their editors never call, write or even snort back – even if the face of glairing errors – or when you think something needs looking into.
• Because the quality of staff has gone down ( cost cutting) so has the writing, often the stories are very biased.

Posted By Ralph, ATL GA : June 11, 2008 8:45 am

Well, I think the guys over at Gannett would be really happy to hear this. It might cheer them up after their $3 Billion write down and losing half their value over the past year. They’re not dead, maybe just comatose.

I like newspaper too. I have about a dozen I can chose from in the morning on my way to work. There’s so many that I usually just go for the free daily at every station across London. I’m lucky because on my way home, a guy hands me another free one at the tube station entrance. Newspapers must be doing so well that they’re giving them away for free!

They won’t die of course, but they will not be profitable like they were before and won’t attract the same talent as they used to. If you posted this article to Digg, you would get routed.

Posted By Jerome, London : June 11, 2008 10:32 am

News papers will be around for a long time, try wrapping a fish with your blackberry, try using your laptop as a drop cloth when you are painting the walls in your house. As for reporters, well they are a neccessary part of the ecology, similar to weeds and other low forms of life that make up our enviroment.

Posted By Jack Hammond Canada : June 11, 2008 11:18 am

Actually it is only 88.467% of citizen journalists that are full of it. You do the internet a disservice by rounding.

Posted By Tim, FWB, FL : June 11, 2008 2:36 pm

What about the smell of “newsprint”? It is a visceral connection with news….Can you get that from the internet…sound bytes.

Posted By Gary, Riverside California : June 11, 2008 6:37 pm

Excellent post.

I 100% agree I have meetings with bull****ers all the time who tell us why we should spend thousands on advertising on there websites yet our own newspaper advers are consistantly producing more visitors and better footfall time and time again.

I would never stop our press ads and I think its now more of a Balance of all media that we have to try to achieve and thus best distribute our budget accross all advertising sources.

Dale Search Marketing

Posted By Dale, Sunderland, UK : June 12, 2008 6:59 am

The other problem is that these comments are always made by people who pride themselves for being on the bleeding edge on media, forgetting that there is still a huge segment of the population who isn’t as technologically connected. they never get out of their own self-contained universe to know what all the other folks who don’t live like them are doing – not the kind of people I would trust with my money…

Posted By Paul, Madison, WI : June 12, 2008 9:58 am

Somehow the impact of a picture and story on my computer screen just isn’t the same as the newsprint, you can’t hit it with the back of your hand, hand it to a friend and exclaim, “DID YOU SEE THIS?”

On the other hand, I hear my step daughters talking all the time about “what’s really going on in the world cause of what they read on the web”…jjeeeezzzz. If it’s on the web it’s gotta be true..right!!

Posted By Carl, Raleigh NC : June 12, 2008 1:54 pm

I threw a newspaper route when I was a high school teenager in 1973, and my six-year-younger brother threw one too when he was thirteen years old. It’s hell throwing a newspaper every morning, with no way to take time off if you have to go out of town, and have no one who can pick up the work and do it right. But it was a great way for a energetic kid to work off some energy, get out to meet people when collecting for the month.

As an adult, I have found I can read a newspaper far faster than I can read the web, because I was already a fast reader.

Web pages sure take a long time to load, and so it takes longer to read than a newspaper.

The newpaper stays put if I get interrupted, and I can return to it later.
Web pages disappear.

Gary said: What about the smell of “newsprint”? It is a visceral connection with news….Can you get that from the internet…sound bytes.

Oh, and what about the ink on your hands, that transfers to your light-colored clothes before you can wash it off?

When people say the newspaper business is dead, I think they are really saying the newspaper business is not a growth business anymore. And the weasels of Wall Street do not like businesses that are not a growth business, unless they are short-sellers.

Posted By Jason Stoons, Austin, TX : June 12, 2008 3:28 pm

Your article is dead, and as a writer whoever you are, you should kill your career in any kind of journalism. I have a headache thanks to your article.

Posted By mike, brooklyn, NY : June 12, 2008 5:19 pm

a long-standing complaint about newspapers — and media in general — is that they beat a story to death, whether it’s britney spears or hurricane katrina.
well, newspapers are beating to death the news about their own financial problems, thereby making those problems look worse than they are.

Posted By patrick chicago, illinois : June 13, 2008 12:01 pm

So 89 percent of citizen journalists are full of it? Perhaps. I think 89 percent of newspaper and magazine columnists are full of it, but the other 11 percent create some amazing stuff. Same with that 11 percent of citizen journalists.

And the internet lacks credibility? By that logic newspapers lack credibility because of the Weekly World News.

I have more to say on the subject at whapwhap.com.

Posted By Ken Bilderback, Gaston, OR : June 13, 2008 12:06 pm

Can’t we all just get along?

Posted By Erik Boles, Colorado Springs, CO : June 13, 2008 12:51 pm

Newspapers aren’t gonig to die. What will die is the expectations of those who work in the newspaper industry, mostly those in the newsroom.

Journalists have always thought they were immune to market conditions because “they are defending democracy”. Little did they realize their journalism was being subsidized by classified ads (which had accounted for about 30-40% of all newspaper income until recently).

There will always be a market for news printed on paper, but that market is shrinking.

Look to what the Tribune company is going to start doing with their papers. If it even looks like that model will be a financial success in a couple of years, it will quickly become the new standard in the newspaper industry….and papers will be different.

Posted By Big Tuna : June 13, 2008 3:29 pm

I don’t know if newspapers are on their way to extinction or major downsizing, or not. I do know I used to buy two a day and haven’t bought one in 4 or 5 years. I read two or three, sometimes four, on the web each day for free. At least one, the NY Times, is evidently making a profit on the web. So maybe it can continue to exist if others fail. Who really knows? I do know I’ve made good money short-selling several newspaper publishers in the stock market.

Posted By Charles, New York, NY : June 13, 2008 9:25 pm

I think one of the biggest problems with newspapers nowadays is the obvious political bias of the stories in the newspaper, something that former New York Times Editor-in-Chief Abe Rosenthal abhorred for very obvious reasons.

After the VERY heavy-handed way the New York Times egged on the protest against Augusta National Golf Club in early 2003 and the fiasco of the Jayson Blair scandal that forced Editor-in-Chief Howell Raines out, you’d think newspapers across the country would get the message and leave the editorializing to the Editorial/Commentary pages. But they didn’t, and the subsequent Rathergate scandal (of which the Times played a tangental role) soured a lot of people on the mass media in general.

In short, Alvin Toffler’s prophetic vision of the de-massified media he predicted way back in 1979 in The Third Wave is now proving to be devestating to newspapers in general because new media outlets are taking away the two biggest sources of newspaper revenue, namely advertisements and classified ads.

Posted By Raymond, Sacramento, California : June 14, 2008 8:43 am

Just wanted to say, as a newspaper person of 30+ years who is looking to hang around another 30 or so, I LOVE YOU!

Us ink-stained wretches will survive, in some fashion and form, forever, so, all your BSers, quit cher bitchin.

Posted By Mike, Estero, Fl : June 14, 2008 10:56 am

The ‘news’ and the ‘forum’ ought to be distinguished here as a matter of defining terms, and the blogosphere ought better be considered more ‘forum’ than ‘news.’

Online, you have both news and forum, unbundled, combined, mixed and infinitely remixed. The larger the forum (a good thing) the less efficient is the forum (not necessarily a bad thing).

Online, depending on your level of competance and efficiency, you can navigate away from the bullsh**ters with more or less ease.

Whereas with hardcopy, you have less news, smaller forum (no comparison here really), and, in a peculiar way, you are less likely to navigate away from the reknowned and longstanding bullsh**t of which there has never been a shortage.

Posted By dave, mpls, mn : June 16, 2008 3:55 pm

From my perspective, it just looks like more and more types of media continue to appear, while available time does the exact opposite – it disappears. As more media becomes available, the less time we have to pay attention to all of it. So, we wind up with increasingly fragmented audiences; people choose the media that best fit their lifestyles and limited free time. This of course causes the more traditional media to lose market share as new media increases their own. But I’m confident that newspapers and other traditional media will “settle into their niches” within the new media landscape… while some new media themselves may even fall by the wayside.

Posted By Jon, New York, NY : June 16, 2008 3:57 pm

I’m going to use this in my newspaper advertising sales presentations. It’s better than some syndicated research!

Posted By Lisa, Philadelphia, PA : June 17, 2008 12:51 pm

Interestingly enough, I found this very lucid analysis while searching for article on companies heading into bankruptcy. The internet being what it is, I should get hits to dozens of write-ups, blogs, articles, etc etc, one would think. Actually, no, not even a half dozen. Thus, from my perspective, I am not sure this internet-thing ever actually came to life. Has it?

Also, regarding the numeral statistic shared of 89%, that was a typo, wasn’t it? I agree w/ Minnesotan Alex. I would feel more comfortable with the number 99.89%.

Posted By Gary, Los Angeles, CA : June 18, 2008 3:33 pm

Newspaper as a medium isn’t dead, but print editions of the major metropolitan newspapers are absolutely dead. Small town newspapers will be around long into the future because the Internet presence in small town America just isn’t sufficient to supplant the value of local news coverage, but the major metro newspapers dependent on national audiences/readership will transform into some Slate equivalent sooner rather than later.

All the major newspapers have already shifted to a smaller broadsheet. Transport and printing costs are skyrocketing, a big hit on the national newspapers with geographically diverse readerships. Here in Washington, the Wash. Post is also facing increasing pressure from the unions that print and ship its issues. Major metropolitan markets are also most likely to have a strong media presence on the Internet too, which supplants the value of newspaper editorials and columns. Already the Internet has totally supplanted the newspaper as a source for classifieds and personals.

For the tenuous economic viability of a printed paper, just look at the Washington Post. It’s interest in Kaplan Test Prep is basically subsidizing the print edition.

Posted By Matt, Washington, D.C. : June 22, 2008 4:16 am

Newspapers will continue to suffer — and maybe even die — unless management realizes that you can’t sell a product that you already are giving away. Every newspaper is available for free on the Net. And then newspaper management wonders why people aren’t buying the hard-copy version. Until management stops making their websites free, there is no reason to buy the hard-copy version. Yes, starting to charge for the websites will pi** people off at first, but pi**ing off a few freeloaders is better than suicide. One of the excuses editors have used is “If we don’t give it away on our website, they’ll get is somewhere else.” Maybe. But they won’t get your writers and reporters covering your local news and sports. You supposedly have the best writers and reporters. Their work has value.

Posted By Rocky, Madison, WI : August 2, 2008 11:24 pm

The people killing newspapers are the business people buying them and thinking only they have to make these huge profits. They care little about journalists. Zell scoffs at them.
But my deepest worry is that if we lose our newspapers, we hit another important freedom that makes our country so different from others. The demise of newspapers hits democracy.

Posted By MMathias, Easton PA. : August 6, 2008 8:29 pm

Have you mastered your executricks?
Are you enjoying the perks of executive life, while working only when absolutely essential? Take this quiz to find out if you're an accomplished trickster.
Stanley Bing
Stanley Bing is a Fortune columnist and best-selling author of business books noted for their wisdom as well as their sharp, slightly acrid sense of humor. He is also the only writer on business and the workplace who still puts on a suit and tie and goes to do battle with the dragons that breathe fire at corporate America every day. This blog captures what remains of his brain after it has exploded in all other directions.