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The Highly Exagerated Death of Newspapers

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We’ve been reading about the death of newspapers for years, and the declining circulation numbers recently released have prompted a whole new round of pre-mortem elegies for ink and dead tree dailies. But there’s something odd about the whole “death of print” thing. For one thing—if the papers are really in so much trouble—why is private equity so hot after them?
The answer is probably that private equity understands that a lot of thinking at newspapers is hopelessly outdated. The New York Times has done a great job with their website but most of the real innovation was done by outside consultants. The consultants made the site work better. It was the Times folks who thought "Times Select" was a good idea.
The fact is that people who have built there lives and livelihoods thinking in terms of "ink by the barrel and paper by the ton," newstand sales and subscriber numbers might not be very good about thinking in terms of digital content delivery. We've met more than one newspaper editor who, quite frankly, just didn't get the web. In their hearts, a lot of these people think people are reading less newspapers because, well, they've become too dumb or lazy to read long, well-reported pieces. But there are plenty of people who do get the web, and we wouldn't be surprised if a few of these old-school newspaper companies get snapped up by private equity and end up blazing a path into better digital delivery.
Newspaper Circulation Falls Sharply [New York Times]