Sunday, April 26, 2009

Top journalist Pete Hamill discusses media's future

The short answer is grim. We're going through a huge transition from the old delivery system to the new. That is, from bundles, trucks, home delivery to the Internet. As much as 80 percent of a newspaper's expenses is given to the printing and delivery of newspapers. The newsprint paper itself, ink, presses, bundling, plus the trucks and their drivers are a huge factor, and will be eliminated when readers go to their laptops or iPods. The questions are: will newspaper readers pay for the Internet versions (even if substantially cheaper than the actual newspapers) and will advertisers get on board, so that reporters, photographers and editors can be paid? We don't know the answers, and this has been made infinitely worse by the economic meltdown.

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