Word: printed
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...obituaries of newspapers and now, magazines have been written by everyone who can hold a pen or type on a keyboard. The internet was supposed to save print. People who would not buy The Globe would read it online. Advertisers would support the migration to the internet by moving their marketing dollars there as well. It has not worked. Internet advertising is doing as poorly as advertising in any other part of the industry. And, the people who were going to read The Globe on the internet are going to MSNBC instead. (See the 50 best inventions...
...Since it is almost certain that a large portion of the print news industry will be damaged by the recession and the internet, why is it being bypassed as a bailout candidate? The easy answer is that news will be available on the internet. But, since readers are less likely to be loyal to brands when reading news online than they are with print, that answer does not address the problem. Online newspapers face more competition on the internet than they do as physical products...
...argument that economists would make for the appropriateness of the downfall of print is based on "creative destruction." As one generation of products or services become obsolete it is replaced by another which better fits the current environment. The car industry and the banks in their current incarnations look like they will dodge any application of this principle in the real world...
...everyone is devastated by the budget's fine print. It includes tax breaks for large corporations, film companies that keep production in-state, buyers of new homes and small businesses that hire new employees. "The state was about to go over a cliff," says Allan Zaremberg, president and chief executive officer of the California Chamber of Commerce. "No tax in a recession is a good tax. But I think the legislature and the governor went out of way to spread taxes by as many Californians and businesses as possible so the impact would not hurt any one industry...
...novel has caught fire. More than a million paperback copies of Revolutionary Road, which made little commercial ripple when it came out in 1961 (though it was nominated for a National Book Award), are now in print, and the Vintage paperback has been on the New York Times best seller list for 11 weeks. (See the All-TIME 100 Best Novels, including Revolutionary Road...