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Craig to Newspaper Association of America: “You’re Screwed”
Found this on FARK and wanted to share in light of my earlier, ongoing quantitative analysis of Craigslist’s explosive growth: I agree with Craigs assessment that the “printing press industry” is screwed, presented to the newspaper industry high-ups at this year’s Newspaper Association of America’s annual convention. Craig notes, however, that there’s plenty of money to be made in quality journalism & investigative reporting.
When you’ve got growth like this over a month…
…you’re allowed to prognosticate.
“We have no advertisers to keep happy and no investors to keep happy. That’s a great relief,” Newmark said to about 250 newspaper executives from around the country, who probably wish they could say the same.
EDIT: From TechMeme - the newspaper association of america has positive news about online readership growth, citing figures showing that online newspaper traffic is growing at twice the rate of the wider internet.
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I think there’s gonna be a lot of expansion in this area, given that craigslist leaves gaping holes in what is possible…