Wednesday, January 07, 2009

Why Newspapers Are In Trouble

Fortune interviews Google CEO Eric Schmidt on the decline of the print newspaper industry:

Is the product the problem?

[Newspapers] don't have a problem of demand for their product, the news. People love the news. They love reading, discussing it, adding to it, annotating it.

Oh quit pussy-footing around it. We all know the number one reason newspapers are failing: Not enough Sarah Palin attack pieces. They had their chance; they had the formula down; then they slacked off. Why, I saw one Wapo issue last week that had less than half a dozen Palin-bash pieces. And they scratch their heads and ask why they're failing. Ha!