Still Interest in an Alleged Dying Industry

Posted: September 23, 2010 in Uncategorized

The newspaper industry is thought by many to be approaching its demise. Due to a lack of advertising from websites such as Craigslist and a lack of an attention span by many Americans that would prefer a faster way to be informed, newspapers are at a low point in its existence. There is still hope as long as people such as Randall D. Smith believe that there could be success in the newspaper industry after much doubt is expressed across the country. In Julie Creswell’s article, “For a Few, Papers Seem a Timely Bet,” she explains the faith that Mr. Smith has in his ability to purchase and maintain numerous media outlets.

There is definitely a need for newspapers in the year 2010, no matter how tough it is to create a high profit margin. People will always want to pick up the day’s paper for their train ride or to pass the time at work. It’s a lot easier to simply pass by an article that you wouldn’t normally look at on a website, because you don’t like the one-line description. A newspaper is a ritual many Americans are faithful to. My mother gets the paper everyday just to fill out the daily crossword puzzle. I always like to see what my favorite sports team’s beat writer has to say about the new acquisitions or coaching decisions regardless of what I saw on television or read on the internet. Whether Americans use the paper to inform themselves about the previous day’s news or more superficial reasons I have previously mentioned, resorting to the internet doesn’t carry that same connection.

Regardless of a person’s personal reasons for wanting or needing the daily edition of the newspaper, if the owners continue to shut down their production the only thing that can save it are the richest of the rich, such as Mr. Smith. Despite the lack of family ownership which allowed newspapers to be loyal servants of the community, these hedge-funders can preserve a crucial element of American media and culture. Newspapers were much stronger before corporate owners saw it is a money making venture, but the main concern for the industry today is doing anything to prevent it from dying out as many so-called experts have and are predicting. Without the money from individuals that have it to spend newspapers could become an endangered species. Under those circumstances the government would have to take them over as seen in several European countries. That is a situation that should be avoided at all costs considering the job of journalists is supposed to keep an eye on the government rather than work for them. This in my opinion would be an ultimate worst case scenario.


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