Thursday, April 08, 2010
Print Newspapers Defunct in Ten Years?
And we authors think we have issues with our product going digital.
James Tyree, who led the buyout of the Chicago Sun-Times as chief executive of the investment firm Mesirow Financial Inc., had this to say about newspapers: “Newspapers have got a good strong 10 years. 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.” Tyree continued to say that the paper will have to move away from hard copy print by offering more original content on the Internet, such as in-depth sports and regional political coverage. Tyree noted that the Sun-Times will not charge for access to its content online.
Imagine that--a buyer of a major newspaper saying the entire newspaper industry will be entirely digital within five to ten years.
Do you think that's true?