Friday, February 27, 2009
When You Don't Understand the Business You're in, You're Screwed (Good-Bye Newspapers)
The problem with newspapers seeing themselves as delivers of news is the question of value for value exchange. When people had to buy a newspaper to get the news they had to give someone money for the paper. That exchange provided the newspaper with a "business model." When people get their news on the internet the only people getting money are the people who own the internet connection. I suppose if newspapers had really seen themselves as being in the news delivery business they would have bought cable companies and phone companies so they would have owned the means of distributing news over the internet.
Read the Article at HuffingtonPost