Two Thoughts About Newspapers from Two Very Different Colorado Editors
Robert Moore, editor of the Fort Collins Coloradoan, told a gathering yesterday that the newspaper industry is struggling and may never bounce back, adding that the situation is a "threat" to democracy because government will be less accountable without good watchdogs (via the Northern Colorado Business Report).
And Wendy Norris, managing editor of The Colorado Independent, a progressive-minded online publication, says the newspaper industry has failed to develop business models that cater to readers transitioning to news online.
The forum came as E.W. Scripps Co. president and chief executive officer Rich Boehne claimed that the closure of the Rocky Mountain News earlier this year "eliminated significant financial risk" to a company struggling with more than $220 million in losses, writes The Associated Press.
Boston Globe columnist Jeff Jacoby, whose paper averted a shutdown this week thanks to union concessions, lamented the death of the Rocky and other newspapers, saying his conservative friends are wrong to blame the decline of the newspaper industry on "liberal bias."
What's happening is a business story, he writes: "Craigslist and its ilk have vaporized what used to be most papers' greatest profit center: classified advertising."
Comments
Submitted by Wendy Norris (not verified) on Thu, 2009-05-07 17:06.
Michael, thanks much for following up on this discussion.
It was quite a lively conversation and reached beyond the brief synopsis provided by NCBR.
One important distinction unfortunately missed in the NCBR story that prefaced my comment about lacking news business models is that not delivering relevant, reader-centric editorial content coupled with broader news choices is at the heart of the industry's current troubles.
Though many papers, large and small, are saddled with crushing debt many are still turning a profit. And that protection of profit is what appears to be undermining their best and unique competitive advantages -- editorial work emphasizing investigative reporting and local news bureaus.
Oh, and hasn't Craigslist launched in 1995. The classified ads "interloper" has been around for 14 years and the newspaper industry is now just getting a clue?

