"So Sam Zell plans to trim his newspapers across the Tribune Group of 500 pages of content a week. According to the New York Times, Mr Zell and his COO Randy Michaels have concluded that less is better, and not just because it is cheaper. They’re right on two counts. " Read more...
"So it looks like we are hurtling into recession. In the USA certainly. In Europe probably worse is to come. In Asia, probably not….. yet.
Sadly I’m old enough to admit this is my fourth experience of this. I was made redundant in ’82. Ran an advertising department through ’91. Launched a newspaper prior to 9/11, where I was fired and the paper failed. Believe me. I’ve experienced recession from all sides.
So what should we be doing about it?
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"So people in Western markets are beginning to think that newspapers are a bad business. They’re wrong. We work in one of the most exciting and important businesses on earth.
It’s a funny thing but ask the man in the street about Television and he will tell you the TV industry is in great shape. Ask about newspapers and the impression is they’re outdated and failing.
Why the difference?
Us.
Who is spreading the bad news? Our own employees
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"There are certainly plenty of examples emerging of both specific aspects of functional outsourcing as well as a number of newspaper companies where outsourcing is a central strategic theme. And where there are functions being outsourced, there are companies seeking to take on the work. And this in itself can become a considerable profit centre for newspaper companies seeking to undertake contracts from other publishers." Read more...
