
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.
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.
ReplyDeleteI 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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