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February 16, 2009


I'd also throw in there the advent of Facebook, Twitter, MySpace, Digg, Yahoo! news groups, etc. They've definitely had an impact on national news outlets profits. Right?

I do hope you're right (especially since I got a degree in print journalism).

Right now, it seems like the smaller the newspaper, the more well off they're at right now. NYT's, WSJ and such expanded their resources so far, with excessive amount of staff, that the problems in both advertising and financial sectors have hit them the hardest.

I'm pessimistic about the survival of paper newspapers. The internet provides up-to-the-minute access to news reports from all over the world, reports and opinion pieces from independent bloggers, links to sources and related material, and videos. And, it's free. Don't forget that the electronic world is still improving. In order to survive, I think papers will have to move to web-only and learn to make do on much smaller budgets.

One model is Michael Yon, who does war reporting. He does his own reporting, photography, videography and publishing (via his web site). He's a one-man newspaper. He survives on donations.

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