Regarding Gannett's new round of job cuts, a reader says big investors will keep pushing for more: "It's about Wall Street believing the product is on its deathbed and driving down the value of media companies. As they keep driving down the stock price, the company has to keep writing down its value, which causes investors to continue to devalue the product. It's a downward spiral that won't stop until some of you get off your whiney butts and protect the fourth estate."Join the debate, here -- and in the original post.
Yes, but its over. It is the end-game. The chemistry that made newspapers great are not of the same matrix that serves the digital world. It will settle down to what is left of the print world. They will say that it has transformed to save grace.
ReplyDeleteThe fourth estate will live on, whether or not employees jump in to save this soulless company that has no interest in saving its own employees. Gannett is not the fourth estate. Quite the contrary.
ReplyDeleteWell said. It is a "for profit" making corporation. It does not, at its heart or its center, serve the original purpose. It is not about information, freedom of the press anymore.
ReplyDeleteJim:
ReplyDeleteNY Times has an article about how online display advertising is not working.
The display advertising is a vestige of the print/tv model of delivering a mass audience to a mass marketer.
The death of that model is what is killing print.
Here's the link:
http://www.nytimes.com/2008/05/19/technology/19online.html?ref=business