If you want to know why newspapers are in such trouble, the most salient fact is this: Printing presses are terrifically expensive to set up and to run. This bit of economics, normal since Gutenberg, limits competition while creating positive returns to scale for the press owner, a happy pair of economic effects that feed on each other.
Read more of Clay Shriky's article: Newspapers and Thinking the Unthinkable.
Monday, March 16, 2009
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