Friday, May 15, 2009
Context | How to understand press shutdowns
That's now the new proportion of Gannett's 85 U.S. newspapers that have given up their presses in the past 18 months, following the recent announcement, by the St. Cloud Times in Minnesota.
8 comments:
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That figure 13 percent is also the amount of the drop in the worth of GCI stock today. Correlation?
ReplyDeleteIf you go back a few more years you'll find that percentage to be even higher. And, unfortunately for Gannett, more than a few of its competitors have profited more from it.
ReplyDeletewhat happens if the internet somehow "breaks" and doesn't work?
ReplyDeleteGetting out of the newspaper "printing" business is a smart move.
ReplyDeleteYes, we are losing something. To me, freedom of the pixel doesn't have the ring of freedom of the press, but I am an old fuddy duddy. Once gone, these presses will never come back, so these moves are last-ditch gambles.
ReplyDeleteI've been a journalist for more than 21 years and never worked in a building with a press. Amazing.
ReplyDeleteWouldn't a better measuring stick be the number of daily copies that are now being printed in other locations? If you look at it that way, the percentage likely is far smaller. Either way it's a smart move.
ReplyDelete"Given up" their presses or "shut down" their presses, Jim? Probably "shut down." There is long-term depreciation value in having an idle press and building.
ReplyDelete