Sunday Spectacle LXX

(source: "Newspaper industry fights back," May 15, 2010. The Globe & Mail)

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2 Response to Sunday Spectacle LXX

Parker Bohn
May 18, 2010 at 12:11 AM

Warren Buffett on newspapers (in I think 2009):

"Charlie and I read five a day. We’ll never give them up. We would not buy them at any price. They have the possibility of going to unending losses. They were essential to the public 20 years ago. Their pricing power was essential with customer. They lost the essential nature. The erosion has accelerated dramatically. They were only essential to advertiser as long as essential to reader. No one liked buying ads in the paper - it’s just that they worked. I don’t see anything on the horizon that causes that erosion to end."

Sivaram Velauthapillai
May 18, 2010 at 9:13 AM

The way I look at it, newspapers have 5 or 6 years to capture the younger generation. They still have a shot because they still have branding power. Some of the most heavily visited websites are newspaper sites. But that brand is dwindling by the day.

If they miss the window over the next 5 or so years, it's probably all over for them. News will still exist but nothing like now...

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