Even the WashPost is having trouble

by Mathew on July 27, 2007 · 2 comments

Fortune magazine has a great overview of the issues facing newspapers, using the Washington Post as a core example — the implicit argument being: If a great newspaper with a fantastic Web property like washingtonpost.com can’t make it work online, then who else has a chance? There are no easy answers, but the Fortune piece sparks plenty of questions.

snipshot_e4h890skc3f.jpgStarting right off the top, every newspaper of any size that wants to see the future they are staring down should pay close attention to the example used in the lead, of the sports reporter who files breaking news to his blog, then does audio clips and podcasts and online Q&A sessions and so on. The piece also contained a piece of information about the Washington Post that I didn’t know: almost half of Post Co.’s revenue comes from its educational division, which has provided it with a considerable amount of support while it experiments with online, just as the Toronto Star’s newspaper unit has been supported by its Harlequin book division.

My friend Scott Karp at Publishing 2.0 — and others such as Lost Remote — have already put their fingers on the crucial point that the newspaper industry is struggling with: namely, when your entire business model is predicated on scarcity (i.e., the scarcity of pages for advertising), how do you deal with the sudden abundance that the Internet has created? Supply and demand gets thrown out the window and other dynamics take hold.

  • Steve Chase

    Hey Mathew. Cool post.
    I trust you’re enjoying your summer.
    Steve

    P.S. So do we need to start looking for new jobs?

  • http://bizop.ca michael webster

    Do an alexa traffic graph of:

    huntingpost.com
    thestar.com
    nationalpost.com
    globeandmail.com

    Compare the overhead.

Older post:

Newer post: