Forbes interviews the Poynter Institute’s Rick Edmunds on the state of the newspaper industry. His prognosis: perpetual recession.
From the internet to the current economic crisis, those with their feet encased in industry cement are desperately blaming anyone and everything for the decades-long collapse of newspapers. It doesn’t take an investigative journalist to pick out the culprit. The newspaper business model is a dead man walking.
Unfortunately the industry’s denial has endangered journalism itself, by confusing its product of value with its product of manufacturing. Edmunds talks about a massive news deficit — $1.6 billion worth of content that is NOT being covered over the last two years — that continues to devalue the true value of newspapers.
Read Edmund’s interesting observations
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