Quick complaint we'd like to share that offers a glimpse at a tough 2020 ahead for the dead-tree media industry . . .
Here's the word:
TKC, did you see today's Kansas City Star? The Sunday paper must only be about 9 pages of real news and then lots of inserts and junk. It's sad to see them finish 2019 on such a poor note. There was nothing to the paper but they're still charging 4 bucks for it! At the very least, when they publish such an inferior project, they should discount the price. Ridiculous!
And so we share some industry news simply to note that smarter people than TKC don't have much faith in newspapers or print media making much money by way fo traditional means in the near future . . .
Newspaper Nonprofit Future
Paul Huntsman, publisher and owner of the Salt Lake Tribune, tells Brian Stelter why he converted the newspaper into a non-profit organization. Huntsman says he has heard from dozens of other individuals asking "what the playbook looks like as they are looking to go down a very similar pathway with their own newspapers."
Tech Can't Save Newspapers
The cities and suburbs on the eastern side of San Francisco Bay are home to 2.7 million people, a world-class University of California campus and bedroom communities for Silicon Valley that produce median incomes 50 percent higher than the national average. What they no longer have is a thriving landscape of local daily newspapers.
Journalism Is For Beggars
As local newsrooms see staffing crater, some journalistic organizations like the Salt Lake Tribune are looking at different models to encourage public support.
Hedge Funds Now Print Titans
These 3 people hold the fate of hundreds of local newspapers in their hands after a hedge fund and private equity feeding frenzy
Local newspapers have been rocked by consolidation and closures, as digital advertising revenue has not been able to replace print advertisements. Hedge funds and private equity firms have scooped up hundreds of local news sources over the years, with three firms - Alden Global, Fortress, and Chatham Asset Management - now pulling the strings behind the biggest media moves.
Glossy Catalog Future
In September, some 450,000 members of outdoor goods store REI, the largest U.S. consumer co-op, received a surprise in their mailboxes. In lieu of the typical 28-page fall catalog talking up the merits of the latest waterproof jacket or tent, the Seattle-based outdoor gear retailer mailed out the first 84-page issue of a new quarterly print magazine, Uncommon Path.
Kansas City Star Parent Company Warns Of Even More Future Firings
While the energy industry and the mall REIT sectors continue to face headwinds, the newspaper industry's struggles often go unnoticed. Facing the perpetual innovation of digital technology, newspaper companies are having to downsize and re-invent
Newspaper Apocalypse 2020
Newsonomics: This is how the 5 biggest newspaper chains could become 2 - and it all comes down to one day, June 30, 2020
Is an end in sight? The first half of 2020 "will be the final dance of the newspaper industry," one of my savviest financial sources told me Thursday - someone who's been right on the money for years. "Everything will get resolved in the first half of 2020."
Developing . . .