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IRISH 04/28/2009 03:03 PM Report
Excellent guest and interview. The strategy as outlined all too briefly by Lionel Barber is to have excellent journalists in a niche (financial news) market for newspapers to survive in this internet/digital age.
doodahdaze 04/27/2009 05:03 PM Report
That is an interesting perspective, on how the newspapers can survive by going around the advertisers by employing better journalists to compete with the instant, but often unreliable internet.
REMant 04/27/2009 02:31 PM Report
What happens in Europe in the next few months can indeed have repercussions for us. But I still think China is in the most pecarious position, and they may have to continue to subsidize us in order to save themselves tho I think we'd both be better off if they concentrated on new mkts. I think the basic problem for newspapers is that they are really being forced by the growth of the Internet to subsist on subscription rather than on advertising, and they will be forced to pay more attention to their readers than to their advertisers, which means in turn getting better and more knowledgeable reporters, all of which I realize is exactly the opposite from the conventional wisdom, but I think they have little chance of competing with all the nonsense out there for advertising. It was different when they had a monopoly in local mkts. This is exactly what you would expect any company in trouble to have to do, but in the case of the media, advertising has been their Federal Reserve, keeping them from that reality. There's another thing tho, and that is that ppl these days do not seem to want to sit still and learn something, or even be entertained for very long. With respect to news that seems to mean getting an answer to a question pronto. Sometimes that can be done through a search that turns up an article, but more often the search turns up a forum or blog where the question has been asked already by someone else, and if not exactly what the answer they want, provides a place to ask. Except for a few headlines, news has become a process of interactive education, while the rest has been segmented into a myriad of special interests. Cameron appears to be reciting the std Tory line, Charlie, while Obama is hewing so far to the American Progressive line. The Republicans, minus their monetarism, could be considered classic Liberals, or Tory Democrats. There is nothing wrong with mkt capitalism, the problem is in allowing institutions to create unlimited credit backed up by the central banks. We should none of us be Keynesians now.