This post is by Michael Pollock, the original owner of Small Business Branding. Yaro Starak now owns and produces the latest content for this blog.
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Like many in the newspaper industry, Knight Ridder is struggling, according to a recent NYT article.
"Under growing pressure from big shareholders, Knight Ridder, the
publisher of 32 newspapers including The Miami Herald and The
Philadelphia Inquirer, said yesterday that it was considering a sale of
the company …"Newspaper companies, though still profitable, have an uncertain future
as the Internet cuts into print readership and revenue. Most newspaper
Web sites do not charge for their content, for fear that readers will
balk at having to pay for it. Advertisers also pay far less for online
advertising than for print ads. In addition, online services like
Craigslist and Monster have put a big dent in newspapers’
once-lucrative classified advertising revenue."
Damn internet geeks and bloggers. Maybe KR should just hold out till this whole Bubble 2.0 thing blows over. Or not.