Friday, October 24, 2014

And Now For More Boston Globe Bashing - XXIII

This author hasn't taken a crap on Dan's employer in well over a year, more or less coinciding with John Henry's purchase of all that fine Morrissey Boulevard real estate the Boston Globe newspaper company. If this report is any indication, the migration to online sales and the related advertising revenue won't be enough to save that sinking ship (or any other newspaper, for that matter).

That, and it's pretty straightforward to defeat the Globe's paywall, so they're getting skinned to a degree in their online subscriptions to boot. So where's the revenue going to come from again?
"...putting newspapers online has not remotely restored their profitability..."

"Now, however, in the first years of the 21st century, accelerating technological transformation has undermined the business models that kept American news media afloat, raising the possibility that the great institutions on which we have depended for news of the world around us may not survive."
Depends on how you define 'news', doesn't it?

(link via Zero Hedge)

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