Quote of the Day – Newspaper Edition
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Monday, April 6, 2009
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“If you had told one of the great newspaper moguls of the past that someday it would be possible to publish a newspaper without paying anything for paper, printing and delivery, he would not have predicted that this would mean catastrophe for the industry. But that is what it has been.” – Michael Kinsley
What the moguls may have overlooked is that these developments would radically lower — indeed, essentially eliminate — barriers to entry and therefore provide a fantastic amount of competition.
Photo by Flickr user mfophoto, used under Creative Commons license.
About James Joyner
If only the new entries were actually providing competition! They aren’t. Unfortunately, today’s newspapers with their reduced number of reporters and nearly complete lack of overseas reporting aren’t even true substitutes for the newspapers of days gone by.
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