Welcome To The Brave New World
It was troublesome to me, in a way, that Congress would hold a hearing on the future of the only business the Constitution specifies by name that they should stay out of.
That having been said, it did call attention to the very real challenge of how "traditional" journalists -- print and electronic -- are, or are not, adjusting to what just a few short years ago was "the future."
You don't need a Congressional hearing, though, to figure out which traditional media companies are going to become roadkill on what we used to call the "information superhighway."
They're the ones who blame aggregators for ruining their business model instead of embracing them as part of the solution to their problems.
They're the ones who extend subscription discounts to Kindle DX users but only if they live where home delivery is not available.
They're the ones who raise newsstand prices during the greatest economic downturn since the Depression. (Don't get me started on this new movement to start charging consumers for online journalism.)
And they're the ones who are dealing with the collapse of local advertising markets by cutting technology and people who can help them thrive in the "brave new world" once things get better.
By the way, you can add that to the very short list of the only sure things in our world: Death, taxes, no one ever cut their way to prosperity and recessions always end.
It's amazing to me that some of the smartest people in the business always forget the last two.
By Dan Shelley on May 08 2009