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Washington Post To Go Paywall, Along With Buffett-Owned Local Papers

McGruber writes "The Washington Post reports that the Washington Post, and local newspapers owned by Warren Buffett, are all planning to follow the New York Times and install metered paywalls." Buffett's got more than 80 papers right now, and hasn't quit buying them. There's some time to read the WaPo sans paywall, but by mid-year it may be up.

40 of 163 comments (clear)

  1. Online International Newspapers by TwoOfBob · · Score: 5, Interesting

    With the easy access to quality international newspapers why would one use Washington Post?

    1. Re:Online International Newspapers by Tx · · Score: 4, Interesting

      Presumably Buffet is making the same assumptions as Murdoch did in putting The Times (UK) behind a paywall a couple of years ago, namely that a) a tiny number of paying subscribers brings in more money in fees than millions of freeloaders do in ad revenue, and b) hopefully many more major publications will follow suit sooner or later, thus making it harder for people to get quality content for free, and so increasing the chance that they'll decide to pay for their news. There is some evidence that paywalls work if done right, and are working for the New York Post, the evidence seems slightly more mixed for The Times, I guess we're a smaller market in the UK, so it will be harder to make it work here. Whether it will be true for the Washington Post remains to be seen, but it's not completely crazy.

      --
      Oh no... it's the future.
    2. Re:Online International Newspapers by Jeremiah+Cornelius · · Score: 2, Interesting

      WASHINGTON POST PLUMMETS TO DEATH.

      The NY Times is steadily failing, like a ship with a small leak. Its perforated paywall, not withstanding.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    3. Re:Online International Newspapers by roc97007 · · Score: 2

      Um, but if the number of paying subscribers is tiny, is it really news? Or is it a... I dunno... fanzine? Moreover, how does one pay reporters with the proceeds from a tiny number of paying subscribers? If the answer is they'll "get news from the wire services, why couldn't we also go there directly and not pay the newspaper?

      I appreciate that newspapers are trying to find a business model that makes sense, but I can't see this model working.

      Parenthetically, what's really going to be interesting is to see what happens to all the infrastructure required for the physical edition, and how Buffet gets out of the appropriate union contracts. The only way I can see it is to go out of business and come back as a much smaller, web-only, company.

      --
      Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
    4. Re:Online International Newspapers by SEE · · Score: 4, Informative

      I suspect it's an attempt to replicate the Wall Street Journal model. The Wall Street Journal business/finance reporting, especially focused on the New York exchanges, is not generally replicated among mass-market newspapers. And it constitutes genuinely valuable work-related information to certain people who also have employer-provided expense accounts, these people go ahead and subscribe, and the subscriptions are paid by their employer as a business expense.

      The Washington Post at least had (I don't know if they currently still do) a reputation for doing detailed nuts-and-bolts political/policy reporting on the US Federal Government in depth that nobody else matched. That is similarly genuinely valuable work-related information to certain people who also have employer-provided expense accounts, who will (presumably) then go ahead and subscribe, the subscriptions are paid by their employer as a business expense.

      The Buffet-owned papers are, according to the article, going to go with "local, local, local stuff." Which is to say, the theory is the subscription will be worth it for the stuff that you can't get from a general-interest international paper. I'm more suspicious of this model; it doesn't have the advantage of the expense accounts. But it does at least try to sell something other than AP wire reports.

    5. Re:Online International Newspapers by hibiki_r · · Score: 2

      El Pais tried it years ago in Spain. The competition ate their lunch, and haven't recovered the market share yet

    6. Re:Online International Newspapers by sycodon · · Score: 3, Insightful

      I have a paper.

      I charge for subscriptions, but it really doesn't cover the cost of printing and delivery. I get most of my revenue for Ads.

      The more people that read my paper, the more people want to advertise with me and the more I can charge.

      Then came this internet thingy. I can put my paper on line and now people throughout the world will see my content and my ads.

      Put these mean people are linking directly to my news stories so they don't see the front page. I don't know why, but that pisses me off.

      So I'm going to start charging people to see my Ads on the interweb thingy. That'll show them.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    7. Re:Online International Newspapers by Jane+Q.+Public · · Score: 2

      "Any dead tree newspaper that fails to make the transition to new media is just as dead as Encyclopedia Brittanica, regardless of the quality of its journalism. "

      You implied but did not say "transitioning to new media" does not automatically mean paywall.

      I'll stick with the "free" services for now. I might not get some of the news until half a day later than some who pay, but I hardly care. I stopped watching the news on television 3 years ago, and don't much miss it. And that was "free".

    8. Re:Online International Newspapers by schnell · · Score: 4, Insightful

      Winners: trees. Losers: senile billionaires.

      Also losers: the American public.

      You know how news is, like, free on the Interwebs? It's because somebody (not you) is paying for actual, trained reporters to investigate issues and write things. In this case it's the media outlets who pay for and contribute content to AP/UPI/etc. This whole arrangement was created a century ago so that a newspaper in Cleveland for example wouldn't have to send a reporter to Washington DC for politics, to New York for financial news, etc. It was a collective action among these newspapers to share costs so they could offer their local readers with national/international news coverage while paying a fraction of the price. AP/UPI wire coverage news would be the same in every newspaper basically... but local readers (and advertisers!) would choose based on the quality of the stories and value a LOCAL newspaper provides to LOCAL readers. So far so good.

      But then come the Interwebs. Newspapers are used to the ad-driven model so they figure they can still pay for their local reporters and AP/UPI content through a mix of paper subscriptions (and ad rates), then put their newspaper online for free. Not so much, since online ads pay a heck of a lot less than print ads do. And the classified ads and local advertising that have effectively subsidized the business of paying actual reporters for decades have largely vanished to Internet advertising houses like Google with better localization algorithms and more pervasive user tracking. So what you end up with is newspapers trying to pay for the old style of journalism with a mix of declining print revenues (which could pay the bills) and online revenues (which aren't enough to pay the bills).

      Far more damaging to newspapers: businesses like Breitbart, NewsMax, etc. that do no original reporting themselves (or at least none of value) just pay the wire service fees and are actually able to squeak by on online ad revenues, unlike the newspapers that pay for actual reporters and contribute net new content. End result: nearly all newspapers are in decline, and many if not most will go down the drain. So eventually there will be just one or two syndicated wire services and every news outlet will reprint exactly the same content, and the market for local investigative journalism will pretty much dry up since the AP wouldn't pay a reporter to spend three months exposing local corruption in the Fargo North Dakota mayor's office... whereas a Fargo newspaper might, if there still were one.

      The kinda sorta flip side is that quality newspapers (or blogs or whatever) will win... once there is no "free lunch" on news, pretty much all news will have to be for-pay again. That will suck for those of us who currently don't pay for news, but the surviving outlets will have to distinguish themselves on the quality of their local or specialty reporting. Personally, I read the Washington Post online each day for free but probably wouldn't pay for it... I do however pay for a subscription to The Economist that I read on my Kindle (and throw out the weekly paper version). Maybe this is good in that in the future - after free commoditized news is dead - all news outlets will need to make their content good enough for users to be willing to pay for.

      P.S. Please do not give me this "we don't need reporters or LAMESTREAM MEDIA anymore because of bloggers" BS because the world needs organizations that will actually vouch for the work of their reporters (against the threat of expensive libel suits) and provide some seal of QA on the veracity of reportage. Imagine a world where the only sources of news are a million different jackass versions of The Drudge Report or The Huffington Post... except with no "real" news to link to.

      --
      "95% of all Slashdot .sig quotes are incorrect or completely fabricated." -Benjamin Franklin
    9. Re:Online International Newspapers by Celarent+Darii · · Score: 4, Insightful

      What you say would be true, but the fact is that newspapers don't really do any reporting now. Most news is actually just another way to advertise a new product or editorialize on some topic. Outlets like FoxNews are really just entertainment masquerading as news. The same could be said of all the major 24-hour news stations and weekly papers. I would gladly pay for a magazine, even online, if they actually did some reporting and not simply copy the Reuters feeds. Even look at the newspapers on any given day, they are reporting the exact same events, even with the same clichés.

    10. Re:Online International Newspapers by isorox · · Score: 2

      What you say would be true, but the fact is that newspapers don't really do any reporting now.

      Really. Robert Fisk and Marie Colvin immediately spring to mind from the newspaper industry (I subscribe to the Independent, and happened to read the Sunday times the week before Marie was killed. I tend to rely on the BBC for domestic (UK) news, but read a little wider for global news as that's where I work. I pay attention to the individuals names as it's a dangerous lifestyle.

      There's a massive difference between seasoned veteran reporters and local bloggers. I follow a couple of non-journalist colleagues on twitter, one in Gaza, one in Israel. They do come out with news, but you have to read it carefully to filter out the fact from the opinion. You find that they post the facts that suit them. I do the same.

      Global journalism today seems to be getting more and more dangerous. Only last month a media building in Gaza was deliberately targeted. The media building in Homs where Marie Colvin and Remi Ochlik were killed in February was most likely targeted because of the journalist's presence - after that there was a problem getting news of what was happening in Syria, as international organisations including the newspapers reduced their presence in the country, and closing the world's eyes to what's been happening.

      Real journalism matters. Whether it's Robert Fisk, Jeremy Bowen or Rania Abouzeid, the story's the same - these people go in to hellholes and risk their lives to get the news out. Your advertising from your blog won't even pay for the flak jacket.

    11. Re:Online International Newspapers by Dcnjoe60 · · Score: 2

      Personally, I don't value online newspapers for the same reason I stopped buying physical papers. I don't see the point in paying someone else to filter the news of the world through a particular agenda. I would rather have access to the raw feed (if available) and make my own decisions about what's important to me.

      You realize that such use is fleeting. More and more sites will go to a pay wall system, particularly as their paper versions can no longer foot the bill for providing free on line access. These companies do need to make pay bills.

      So, unless by raw feed you mean anonymous people posting twitter and you tube videos, you won't even have that. Then again, by what means do you have to assess that the person(s) posting such content on their own doesn't have their own agenda?

      I don't pay for a news service to filter the news for me (although I undrestand that Google filters my search results based on previous searches). I pay for a news service to condense all of the news so that I can zero in on the things that I find pertinent.

    12. Re:Online International Newspapers by Celarent+Darii · · Score: 2

      Real journalism matters. Whether it's Robert Fisk, Jeremy Bowen or Rania Abouzeid, the story's the same - these people go in to hellholes and risk their lives to get the news out. Your advertising from your blog won't even pay for the flak jacket.

      With this I would agree with you entirely. My only point is that most newspapers are not doing what you describe - they are simply cut and paste from Reuters. The people you mentioned I haven't even heard of before to be honest, and the signal to noise ratio in modern news is so great that most people just turn it off. The fact is that real journalism does not imply a profit margin, and in fact usually works against it (no dangerous occupation is cheap). Since news is now a business, real journalism becomes rare and rare and it becomes rather entertainment instead as that is easier to sell. I would gladly be proven wrong, as information on what is going on is very important.

    13. Re:Online International Newspapers by gmack · · Score: 2

      Google doesn't serve anything, they simply forward the readers to the story on the newspaper site and in the case of sites with paywalls the only reason they can do that is because those newspapers deliberately provide a hole in their paywall for Google.

      Quite honestly, I wish if they were going to go paywall, than they would just delist themselves from Google news completely.

    14. Re:Online International Newspapers by gmack · · Score: 2

      The whole point is that they annoy me at their own expense if they are ad supported. If a site annoys me, I leave and avoid coming back. If, on the other hand, they let me read the story I wanted complete with ads I might spot some other story that interests me so I can read more pages and view more of their ads and I've been known to lose hours that way.

    15. Re:Online International Newspapers by schnell · · Score: 3

      The future is millions of amateur reporters who collectively do a better job of reporting the truth than the old line newspapers ever did... The future is [...] crowd-sourced news...

      No. No it is not. It never ever will be.

      To use your example from above, "think about the real people on the ground in Syria reporting the verifiable truth, and directly uploading it to Youtube." How is somebody's Youtube video verifiable truth? Just because you hear bullets in the background? OK, but who is shooting them? At whom? Why? In any conflict, you will get 50% of the "real people" uploading to Youtube saying the other guys started it and they're the villains... and the other 50% saying the opposite. Who is correct here, and how are you ever going to find that out by videotaping yourself on the street? Why should I expect that you have insight or information that other people don't? How do I know you're not making shit up about what's happening, and how are you held accountable for not speaking the truth? If I don't know you, why should I believe you instead of anyone else?

      I love the idea of democratizing expression, and there is a role for the zillion citizens and their Youtube feeds out there. But you cannot have an informed citizenry without known persons or media sources who are willing to stand behind the truth of their reporting. Otherwise we have 7 billion "news" sources out there and no reasonable idea which to believe.

      Crowd-sourced news as a source or supplement to "real" journalism? Invaluable. Crowd-sourced news as a replacement for professional journalism? A terrible, terrible, awful idea.

      --
      "95% of all Slashdot .sig quotes are incorrect or completely fabricated." -Benjamin Franklin
  2. Firefox to the rescue by vivek7006 · · Score: 5, Interesting

    Firefox rules. I have been using addons refcontrol to take care of paywalled websites like nytimes.com, wsj.com etc.
    linky: https://addons.mozilla.org/en-us/firefox/addon/refcontrol/

    1. Re:Firefox to the rescue by TwoOfBob · · Score: 3, Interesting

      You do know that only works because enough people don't care to use it, right?

    2. Re:Firefox to the rescue by Jah-Wren+Ryel · · Score: 4, Informative

      You do know that only works because enough people don't care to use it, right?

      Maybe in the "not going out of business" sense that is true. But in the specific sense of "if a lot of other people do that too, they will close the loophole" what you wrote is not true. The reason that it is not true is their "paywall-model" is based on high porosity. They want people to be able to read a limited number of articles with as little friction as possible in order to get them hooked enough to pay for unlimited access.

      The problem is that they can't be both highly porous and completely locked down. If it comes to that, their current business model will fall apart. The highly-locked down paywall model has been shown to fail in most cases, only working for very specific markets and general interest news has not been one of them.

      --
      When information is power, privacy is freedom.
    3. Re:Firefox to the rescue by ShanghaiBill · · Score: 4, Interesting

      it only works because the companies are real lazy ...

      Not lazy. Smart. They want as many readers as possible, paying or not, because those readers generate ad revenue and "buzz" as they discuss the articles, and put links to them in blogs, facebook posts, etc. They would rather have as many of those readers pay up as possible, but would rather keep them as unpaying customers than lose them completely. So they put up a paywall to get revenue from readers willing to pay, but they still keep the readers that are willing to put in some effort to circumvent the paywall.

      The situation is similar with software. Software publishers want people to pay, but would rather have people "pirate" their software than not use it at all, because they know that helps them build market share in the long run.

  3. google news settings by symbolset · · Score: 2

    Anybody know how to tell Google News "don't show me paywall sites?" Or to blacklist sites in some way?

    --
    Help stamp out iliturcy.
    1. Re:google news settings by ThatsMyNick · · Score: 4, Insightful

      While we are at it, is there a slashdot option for hiding summaries with paywalled sites?

    2. Re:google news settings by SteveFoerster · · Score: 2

      This is Slashdot. You're supposed to be able to route around the encryption.

      --
      Space game using normal deck of cards: http://BattleCards.org
    3. Re:google news settings by SEE · · Score: 4, Informative

      Or to blacklist sites in some way?

      Click on the gear icon in the upper right, look down to "Adjust Sources", then adjust how often you see results from that source down to "Never".

  4. Where else will I go for ap/Reuters reprints by alen · · Score: 2

    And upi. That's what most news articles are, reprints of what they buy from the three big news gathering organizations

    Local news? Between blogs, twitter and aol's push into local news there is no reason to pay for news

    1. Re:Where else will I go for ap/Reuters reprints by ColdWetDog · · Score: 3, Interesting

      Except that a few newspapers, the NY Times in particular, actually do have original content. You may not agree with the content or it's biases, but it is 'unique'. That presumably has some value and it certainly has a cost.

      --
      Faster! Faster! Faster would be better!
  5. Warren Buffett... by supremebob · · Score: 2

    Was once quoted a few years ago that he didn't invest in technology companies like Microsoft because he didn't understand how they operated.

    Apparently his knowledge of how the Internet works hasn't improved much since then.

  6. Re:I don't get it. by Jah-Wren+Ryel · · Score: 5, Informative

    What am I missing? Is there separate pages that paid subscribers are seeing that I am not? More articles available? What?

    The NYTimes paywall is intended to let everybody read a limited number of articles per month with no hassle at all - exceed the limit and you run into a paywall on all of their articles. The thing is that it relies on cookies in your browsers to keep track of how many articles you've read. So, if you do things like spoof your referrer to be google and never let their website set a cookie, you are unlikely to ever be hassled by their paywall.

    --
    When information is power, privacy is freedom.
  7. The interenet will find a way by erroneus · · Score: 2

    Fact is, the more business out there struggles to come to terms with the internet and what people do with it, the more it becomes apparent which will adapt and which will need to be replaced.

    There is a big hint offered in how business perceives the net. If they see it as a threat and attempt to battle it, they will lose.

  8. The decline of the Western media by aNonnyMouseCowered · · Score: 2

    I can't blame the Washington Post. This isn't an isolated move. News publishers throughout the West are fighting to have some pay mechanism in place, either through legilsation, such as in France and Germany, or through paywalls, in English-speaking speaking countries like the US and UK.

    A single paper restricting access to its free news service isn't bad. It may impove its bottom line. But imagine what would happen if the majority of the online publications in the West decide to go the pay-before-you-read route? Then more and more people who want to read the news online would go to the remaining free news sources. And guess what? There are organization than would be more than eager to fill the vacuum.

    Russia, China, and the news or propoganda organizations of other authoritarian/totalitarian countires can well afford to subsidize online sites that can broadcast or publish their outlook on world events. They just need a little more time to polish off their English, make it sound less like party propaganda and apparat-speak. Perhaps a brand name change would is also in order, if names like Russia Today and China Central TV sound pretty ominous to citizens of Western liberal democracies.

    Let's just hope that relatively unbiased news sites like the BBC remain "free" for the rest of the world to read.

  9. Buffet is a hypocritical by Anonymous Coward · · Score: 2, Insightful

    So the King of spreading the wealth (Mr. Tax Me More) has no problem with giving away other people's money, but when it comes to his own things, he doesn't want to give them away? Say it ain't so!

  10. Bugmenot by bedouin · · Score: 2

    I guess I'll be using Bugmenot with WP like I have with the NY TImes for years.

  11. Re:Newspapers are losing money, why buy? by Jeremy+Erwin · · Score: 2

    One is the the internet, the second is every newspaper is simply recycling stories from UPI, Reuters, and AFP

    For the most part, the New York Times doesn't recycle wire service stories. That's part of their charm. Neither does the Washington Post, (but I prefer the Times). There are a lot of papers out there who rely on wire services for anything that's not local news-- and those papers are probably unsustainable.

  12. Re:Oh fucking dicks by Jeremy+Erwin · · Score: 2

    You could always try The Daily Mail A surprising number of people outside the UK think it's a real newspaper.

  13. An editor, and editor, my kingdom for an editor! by tlambert · · Score: 2

    I stopped subscribing to physical newspapers as soon as their content hit over 50% advertising on the normal news pages, and they became nothing more than a cheaper-than-the-USPS method for distributing sales circulars and coupons.

    Electronic publishers, including those for eBooks, and not just limited to "eNewspapers", have become nearly unreadable, because they no longer employ actual, human editors to correct spelling and grammatical errors; if I have to correct it in my head, that's work I'm doing that they should be doing before I even see it.

    The eNewspapers are even more egregiously failing me than eBooks, since for non-fiction, their fact checking is seriously lacking -- not that the print versions are doing any better in this regard.

    The profession of investigative journalism of the type practiced by Neil Sheehan, Bob Woodward, and Carl Bernstein is effectively dead in todays news media. The closest you will see is the occasional television journalistic "scoop", in which a whistle-blower has effectively handed the story to the likes of 60 Minutes, with a bow on it, and they ran with the story because it lacked sufficient controversy to get them in legal hot water.

    A pay wall will likely not get me to read this eTripe any more than I already do, which is best characterized as "infrequently at best", and will certainly disincentivize me further if, on paying the fee, I find that there are still large tracts of ads fighting for my attention as they attempt to further monetize my already monetized eyeballs.

    Look, morons, it's very simple:

    (1) Provide your ad-blasted tripe for free
    (2) Write stories that have more depth than their first sentence, or you will not be seeing me click through
    (3) Hire some damn editors
    (4) Clearly mark syndicated vs. non-syndicated content
    (5) Let me have a try-before-I-buy time limited subscription without asking for my billing details up front; I do not have a business relationship with you unless I like you
    (6) Profit!!!!

    Do I think this model will work for you? Not long term, as the New York Times is in the process of demonstrating. So approach the problem a different way.

    Personally, I would prefer that you just syndicate your original content through Google, and concentrate on that, rather than fitting it in the column inches of syndicated content I can get anywhere else I happen to look. Let Google or whoever emerges as "the one new portal" pay your syndication fees out of their ad revenue, and leave me the hell out of it.

    You need to realize that you are not going to do ad serving better than Google does it. Just give the hell up now, and do what you can do better than Google (and do it before Google gets better at it than you are because you are running around with no focus).

    And hire some damn editors. If my 6th grade niece can point out your grammar faux pas, you should damn well be able to hire someone with an English degree, whose other options for a career would otherwise be limited to either making more people with English degrees or asking me "would you like fries with that?" to fix your spelling and grammar.

    Oh, and finally: some idiots blog doesn't count as news, so leave their publication to Blogspot, and stick with actual news, please.

  14. Re:I live in Northern VA (near Washington) by DewDude · · Score: 2

    I live in NoVA too...and Buffet is shutting down our local paper (News & Messenger). This ends actually having an idea of what's going on in the county/locally.

  15. Decline of Newspapers began before the web by knorthern+knight · · Score: 4, Interesting

    I believe that the newspaper industry's underlying problems existed before the internet. Yes, the internet exacerbated them and sped up the collapse, but they were around before the internet. I believe that, even without the internet, these problems would've eventually hit newspaper publishing revenues, but it would've taken longer to do so.

        First question... what was the newspaper business model? For many advertisers, newspapers were the only source of eyeballs for their products/services before the internet. Newspapers used their print advertising monopoly to charge extremely high ad rates, which paid for...
    * the cost of printing/running the ad
    * paying reporters and foreign correspondents all over the country and around the world
    * and a nice fat 30%+ annual ROI for shareholders
    In plain English, newspapers effectively levied a tax on advertisers. This defacto "advertising-tax" paid for newspaper journalism, among other things.

        The newspaper business model, which subsidized journalism, could be attacked by advertisers getting their products/services in front of customer eyeballs by a method other than newspaper ads ("advertising-tax avoidance"). The "advertising-tax avoidance" scenario played out over the years...

    * "Auto Trader Magazine" was established in 1977. See http://www.manta.com/c/mmj727f/auto-trader-magazine It had one major advantage over newspaper classifieds... it did not have the overhead of paying for the salaries/accomadations/airline-tickets of reporters all over the planet. It was an advertising "pure play", that had a lot less overhead than a newspaper, and could make a profit while charging much lower ad rates.

    * Right now in Toronto (where I live) there are 2 or 3 free weekly employment "papers" (to use the term loosely) that can be picked up at newspaper boxes around the city. They're 1/2 tabloid size. One reason they can use the free model is that they don't have to pay for reporters, etc. The ads paid for by employers are sufficient.

    * Back in the mid-1980's, when I was looking for a place to live in Toronto, I found "The Real Estate Weekly". It was a free 1/2 tabloid put out by the local MLS (Multiple Listing Service), a co-operative venture of local real estate firms. It had a lot more leeway that Auto Trader or the employment weeklies. Auto Trader and the employment weeklies are put out by for-profit corporations. "The Real Estate Weekly" could break even, or even lose a bit of money. But as long as it cost the the member real estate firms less than running ads in local papers, the real
    estate firms came out ahead.

    * Major national chains began printing their own advertising flyers and having newspapers insert them ("advertising inserts"). The original reason was that it was a pain for a national outfit to co-ordinate running the same ad at the same time at dozens of papers across the country, or even a region. Also, there were some newspapers that didn't have 4-colour presses, and were physically incapable of printing the multicoloured ad inserts. Then the national chains found out that it cost a lot less to do their own printing, and let the newspapers do the physical delivery. Then, with falling newspaper circulation, it became obvious that the newspaper deliveries covered only part of the target market. The only way to cover all of a market was to either...
        - have a private firm deliver the flyers door-to-door (suitable for single-dwelling units)
        - or send the flyers as 3rd-class "junkmail" to all units in rental and condominium buildings

        Notice something about the 4 examples above? There is no mention whatsoever of the internet or the World Wide Web. Even in a pre-web world, newspapers were losing classified ad revenues for used cars, employment, real estate, and retail advertising to non-newspaper competitors. The competitors have now expanded to websites, but the first losses were occuring before the web existed.

    --

    I'm not repeating myself
    I'm an X window user; I'm an ex-Windows user
  16. Why Invest in Newspapers .... by pollarda · · Score: 2

    Warren Buffet despite his foibles as we know is a crazy good investor. The question in my mind is why invest in newspapers when there is some evidence that they are a dying business model. On one hand, there is always going to be a need for news (and writers / journalists) but a much more decentralized model seems to rule day as many of the blogs do (such as Huffington Post). I would be really interested in knowing what his game play is as far as the newspapers are concerned. It could be they simply allow him to play in the political arena at a higher level than before.

    I'm not a fan of Warren Buffet at all as he despite his carefully nurtured "grandfather" demeanor plays real hardball and screws people left and right. (The lady who used to own Business Wire got screws IMHO as she just sold it to him cheap simply because she liked his "grandfatherness.") In addition, he is well known for advocating higher taxes on the "wealthy" on one hand and not paying his taxes on the other. As many say: "Watch what Warren Buffet does -- not what he says."

  17. Re:An editor, and editor, my kingdom for an editor by DNS-and-BIND · · Score: 2

    Funny you should use the example of Woodward and Bernstein, as they were handed a journalistic "scoop", in which a whistle-blower handed the story to the likes of the Washington Post with a bow on it.

    Funny, even back in the good old days journalists were exactly the way you criticize them for being today...I think that's called "false nostalgia" or something.

    --
    Shutting down free speech with violence isn't fighting fascism. It IS fascism!
  18. A game of chicken they'll lose. by Seumas · · Score: 2

    When most people hit a pay wall, here is what we do: Copy title of article we wanted to read, past it into google, read what google gives us from another source that is offering it for free.