Tuesday, July 17, 2007

Stopping the presses, permanently By Joseph Farah

Having just authored a book called "Stop the Presses! The Inside Story of the New Media Revolution," I could hardly have asked for a more timely plug from BusinessWeek magazine.

Its July 24 issue will feature a column titled "When Do You Stop The Presses?" – which, not surprisingly, by the time you read this, has been available online for a solid week.

The column by Jon Fine asks the question: "Which major American newspaper should be the first to throw up its hands and stop publishing a print product?"

Why is he asking?

"This could be the worst year for newspapers since the Great Depression," he explains. "The double-digit revenue declines long forecast by doomsters have arrived. While nearly all the major papers still post profits, albeit smaller than before, a few prominent ones are losing boatloads."

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