every time an elderly person dies, newspapers lose a reader they will never get backHe is of the opinion that newspaper as an industry thrives on revenues from advertisements and with competition and alternative access modes of information, these revenues would fall.
According to this latest article on PSFK,
the paper’s online advertising revenue is now sufficient to cover the cost of the LA Times’s editorial team - for both print and online.May be its time to revisit few predictions. Could Warren Buffet be proved wrong by the New Media?
P.S.: Another article by Seth Godin on future of Newspapers.