Newspapers must change
Tom Dougherty, CEO – Stealing Share
6 April 2009
Newspapers have hard choices to make
A penny for…thoughts? Well, Rupert Murdoch believes it is worth a lot more than that. Newspapers must change, now.
“People reading news for free on the Web, that’s got to change,” said Murdoch, speaking at The Cable Show, an annual cable television industry event, in Washington, D.C.
I think Murdoch has a point. After all, he now represents the Wall Street Journal, which does charge for online content. The problem with that thinking is that the model has changed. Do local newspapers actually believe they can finance a staff and support their current infrastructure by reporting only local news and supported by web subscriptions?
The larger point is that, sadly, local newspapers have lost their relevance. The loss of advertising that supports them is just proof. The current state of the economy has affected that, for sure, but the writing was on the wall long before that. Murdoch need not worry, the Wall Street Journal is a different model and is read everywhere. I might pay to buy Reuters national and international news but I really don’t think local papers can manage.
RTW Retailwinds Tom Dougherty, CEO - Stealing Share 14 November 2018 A company changes its name to RTW Retailwinds? The women’s apparel retailer, New York & Company, changes its name to RTW Retailwinds. And I think the new name sucks.Greg Scott, Chief...
Fake Facebook friends Tom Dougherty, CEO - Stealing Share 13 November 2018 Fake Facebook friends, just like MySpace For a short while, I was becoming a Facebook junkie. Er, perhaps the word junkie is too intense. Rather, my use of the site had become routine in my...
Grocery brands Tom Dougherty, CEO - Stealing Share 12 November 2018 Grocery brands and…yoga? I first thought it was all pretty stupid. Grocery brands trotting out yoga classes, on-site breweries and jazz pianists to attract customers. I mean, how desperate can you...