Saturday, April 25, 2009

Most newspapers still profitable but business evolving

David Akin writes:

Large or small, weekly or daily, regional or national -- newspapers are under siege from commentators who believe they will not survive the combination of the recession and the ubiquitous use of the Internet.

These commentators point at the closing of major metropolitan dailies in the United States or the financial losses of a giant like The New York Times Co., and conclude these signal something bigger than the recession, they point to the very end of newspapers as we know them. Others, however, say it's premature to pronounce the death of the newspaper.

"I believe newspapers will be around in their printed form for many, many years to come," said Hugh Dow, chairman of Mediabrands Canada and a 30-year veteran of Canada's advertising industry.

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