Comment and analysis on all things Charlotte

Dead Pool on McClatchy?

Seems the market has fully digested last week’s news that online ads are falling at newspaper sites. Worse, MNI and others appear to be cannabalizing online sales in order to prop up print revenue. This is eating your seed corn.

But the exec level and the publishers still do not seem to get it. Here Jeff Jarvis guts the idea of a closed-door rescue summit planned by the American Press Institute this week. No doubt MNI reps will attend.

Absent some major change in the way newspapers do business — and assuming the economy remains weak during 2009 — it is hard to see how current operations can continue into 2010.

Update: Jarvis’ dogged attempts to drag newspapers into the future get slammed by the rear-guard over at Slate, who sure enough blame “markets” for the cruel fate of papers. Jarvis responds.

4 Responses to “Dead Pool on McClatchy?”

  • Nov
    12
    2008

    Print media, in recent times being important to the continuation and preservation and expansion in the scope of the government in general and the Democrat Party in particular, is awarded a bailout.

  • Nov
    12
    2008

    MNI is down to $1.52 right now. Considering that they were over $2.70 just one short week ago, I’d say they’re circling the drain (or swirling around the bowl) pretty rapidly.

    This is the part where a media mogul like Rupert Murdoch who knows how to make money with newspapers swoops in, buys the company, and cans all of the libs who treat the place like their own little private “let’s rag on everyone and everything we don’t like” club.

  • Nov
    12
    2008

    I find it fascinating on a strictly apolitical issue, that it took Rick Thames almost being sliced to ribbons by falling glass on Tryon St. for the paper to snap out of Uptown boosterism mode and wonder, “Gee, just who is in charge of making sure these construction sites are not a menace to the general public?”

  • Nov
    12
    2008

    Saw a completely different kind of CO commerical last night for the first time. All about ‘find all the news you need and love online’. I’ve seen the charlotte.com commercials before, but this one was very different and quite clumsy. One almost got the sense that they were trying to pull people away from the daily paper.

    I predict the CO will be a Sunday-only edition by 2010. Its a shame too. Not that they could ever go back to the glory days, but there’s so much more they could do with it to make it work. Other than the politics of it, it’s almost like the GOP political hack machine was in charge.

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