Will Newspapers Last 10 More Years?
Tuesday, April 6, 2010
Is newspaper extinction really 10 years away? The way technology changes on a daily basis, I personally don't think it will take 10 years. Do you?
According to James Tyree, CEO Mesirow Financial Inc., who led lasts October's buyout of the Chicago Sun-Times' publisher, "Newspapers have got a good strong 10 years."
C'mon, Mr. Tyree! Do they really have that long? Can they survive for a whole decade in this 24-hour news cycle, gotta have it now, world we live in?
In this article, which I found on Poynter Online, Tyree goes on to say, "By then you'll have to evolve into something else -- maybe five years evolve into something else -- or you'll just be out of business."
I think newspapers are on their way to being history in far less than 10 years.
2 comments:
I dont think Newspapers will ever go fully extinct. There is some information and some usefulness to them. I think there will be a struggle to keep them because they will lose money and readers but I think they have been around for so long they will never go fully extinct.
I agree with Ryan that newspapers will never go away totally. One thing that is not considered here is the demographics of newspaper readers. Being replaced by technology may be a problem for newspapers in cities like New York, but in small town Iowa, I personally believe that there will always be an audience who prefers their news in print.
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