Tuesday, July 28, 2009

The Nichepaper Manifesto

Umair Haque writes:

Dear Newspaper Magnates,

So you're going to try and charge people for news yet again. Cart, meet horse.

Journalists didn't make 20th century newspapers profitable — readers did. 20th century newspapers were never supernormally profitable because of what they wrote: it was the natural monopoly dynamics of classifieds that fueled massive margins.

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