Wednesday, February 4, 2009

Why newspapers should manage more like Twitter and less like GM

Joshua Benton writes:

Look: Twitter still doesn’t have a business model and maybe never will; a failing podcasting concern is not equivalent to a multi-billion-dollar newspaper industry. I’m not drawing a one-to-one comparison here. But what comes across in Dom’s story is the entrepreneurial spirit.

It’s: Let’s Find a New Idea. Let’s Be Willing To Shift Models. Let’s View Investing Into the New As More Critical Than Propping Up the Old.

And while Twitter doesn’t have a business model, someone did, not too long ago, try to buy it for $500 million — which would buy about 10 McClatchys at today’s stock price.

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