Quick complaint we'd like to share that offers a glimpse at a tough 2020 ahead for the dead-tree media industry . . .
Here's the word:
TKC, did you see today's Kansas City Star? The Sunday paper must only be about 9 pages of real news and then lots of inserts and junk. It's sad to see them finish 2019 on such a poor note. There was nothing to the paper but they're still charging 4 bucks for it! At the very least, when they publish such an inferior project, they should discount the price. Ridiculous!
And so we share some industry news simply to note that smarter people than TKC don't have much faith in newspapers or print media making much money by way fo traditional means in the near future . . .
Newspaper Nonprofit Future
Should struggling local newspapers turn into nonprofits? - CNN Video
Paul Huntsman, publisher and owner of the Salt Lake Tribune, tells Brian Stelter why he converted the newspaper into a non-profit organization. Huntsman says he has heard from dozens of other individuals asking "what the playbook looks like as they are looking to go down a very similar pathway with their own newspapers."
Tech Can't Save Newspapers
Even amid the affluence of tech capital in Silicon Valley, local news struggles
The cities and suburbs on the eastern side of San Francisco Bay are home to 2.7 million people, a world-class University of California campus and bedroom communities for Silicon Valley that produce median incomes 50 percent higher than the national average. What they no longer have is a thriving landscape of local daily newspapers.
Journalism Is For Beggars
Is The Future Of News Nonprofit?
As local newsrooms see staffing crater, some journalistic organizations like the Salt Lake Tribune are looking at different models to encourage public support.
Hedge Funds Now Print Titans
These 3 people hold the fate of hundreds of local newspapers in their hands after a hedge fund and private equity feeding frenzy
Local newspapers have been rocked by consolidation and closures, as digital advertising revenue has not been able to replace print advertisements. Hedge funds and private equity firms have scooped up hundreds of local news sources over the years, with three firms - Alden Global, Fortress, and Chatham Asset Management - now pulling the strings behind the biggest media moves.
Glossy Catalog Future
Why REI swapped its catalog for a magazine - and what that means for print media - Poynter
In September, some 450,000 members of outdoor goods store REI, the largest U.S. consumer co-op, received a surprise in their mailboxes. In lieu of the typical 28-page fall catalog talking up the merits of the latest waterproof jacket or tent, the Seattle-based outdoor gear retailer mailed out the first 84-page issue of a new quarterly print magazine, Uncommon Path.
Kansas City Star Parent Company Warns Of Even More Future Firings
McClatchy Company Is Headed Towards Restructuring
While the energy industry and the mall REIT sectors continue to face headwinds, the newspaper industry's struggles often go unnoticed. Facing the perpetual innovation of digital technology, newspaper companies are having to downsize and re-invent
Newspaper Apocalypse 2020
Newsonomics: This is how the 5 biggest newspaper chains could become 2 - and it all comes down to one day, June 30, 2020
Is an end in sight? The first half of 2020 "will be the final dance of the newspaper industry," one of my savviest financial sources told me Thursday - someone who's been right on the money for years. "Everything will get resolved in the first half of 2020."
Developing . . .
Newspapers have been a questionable business for the past decade. Now there's no denying it.
ReplyDeleteNon profit will keep them alive and that's good enough.
Long gone are the days when people get their news from newspapers, that happened the second TV news became the primary source for reporting.
Now they're mostly historical documents and the market for that will continue to shrink.
What's a newspaper?
Delete^^^ Future recycling.
DeleteThis would be a terrible loss for the community if the Star wasn't such a horrible one-sided rag.
ReplyDelete
ReplyDeletestoked to see that Democrat leaflet going out of biz. I bailed on them 8 years ago..due to Lewie Dikweeds anti-White racism..so glad I did..thanks Lewie
ReplyDeleteturning to "community non-profits"..would that be like the uber-lib NPR? -- always asking for "donations" to support their grovelling to Democrats?
7:11 +10000000
ReplyDeleteThey only have their leftist crybaby ways to blame, if they were even remotely close to being fair this probably wouldn’t be happening, so long you effing commie red star, you won’t be missed! Hahahahaha!
Bye Felicia ......
ReplyDeleteIn a little over 48 hours the roaring twenties start and the papers will not be ready.
ReplyDeleteDUMP THAT RACIST RAG!!!!!
ReplyDeleteTech.. With Fartbook at the top is your Newz for the cattle classes now.
ReplyDeleteGuy is really giving the "cattle class" the business today.
ReplyDeleteBlog headline: "It’s truly something that 7,800 media workers lost their jobs in 2019 and not one of them was named Jennifer Rubin, Paul Krugman, Matt Yglesias, or Jonathan Chait."
ReplyDeleteOr Melinda Henneberger.
I like the star it was an okay blog.
ReplyDeleteThe Kansas City Star was always left-leaning but they went bat shit communist about 20 years ago.
ReplyDeleteThe last ten years have been comical; like reading Soviet Union or Red China propaganda pieces.
It needs to be locally owned; it needs to be primarily online; and Yes, it should probably be nonprofit, in order to fulfill its first duty which is to shine light in the dark corners where construction companies get noncompetitive contracts. Only Tony's Kansas City put the airport mess to the public eye at all!
ReplyDelete
ReplyDeleteNo one reads the paper anymore.
^^Correction. Only pants-shitting geezers do.
ReplyDelete