Thursday, April 30, 2009

This Just in: Old Media Needs New Wheels

Sarah de Crescenzo writes:

Since 1996, the Los Angeles Times has sponsored an annual book festival where authors, publishers and religious nuts hock their wares in endless rows of small, white tarp tents. While representatives from the L.A. Times usually spend the festival basking in Pulitzer-fueled accolades from their fans, this year’s staffers faced increasingly pointed questions about the future of their paper.

“How long are you guys going to stay in business?” “Have you closed your Washington bureau?” “Can an online-only paper make enough money to stay afloat?”

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