SMRs and AMRs

Monday, April 06, 2009

Life After Newspapers

By Michael Kinsley
WashPost
Monday, April 6, 2009

Few industries in this country have been as coddled as newspapers. The government doesn't actually write them checks, as it does to farmers and now to banks, insurance companies and automobile manufacturers. But politicians routinely pay court to local newspapers the way other industries pay court to politicians. Until very recently, most newspapers were monopolies, with a special antitrust exemption to help them stay that way. The attorney general has said he is open to additional antitrust exemptions to lift the industry out of today's predicament. The Constitution itself protects the newspaper industry's business from government interference, and the Supreme Court says that includes almost total immunity from lawsuits over its mistakes, like the lawsuits that plague other industries.

And then along came the Internet to wipe out some of the industry's biggest costs. If you had told one of the great newspaper moguls of the past that someday it would be possible to publish a newspaper without paying anything for paper, printing and delivery, he would not have predicted that this would mean catastrophe for the industry. But that is what it has been.

It is tempting, but too easy, to say the problems of newspapers are their own fault. True enough, the industry missed a whole armada of boats. If newspapers had been smarter, or moved faster, they might have kept the classified ads. They might have invented social networking. But that's all hindsight. I didn't think of these things, nor did you. Judging from Tribune Co., for which I once worked, the typical newspaper executive is a bear of little brain. Until recently, little brain was needed. Even now, to say the newspaper industry has no problems that a busload of geniuses couldn't solve is essentially saying that the industry's problems are insoluable. Or at least insoluable without help.

(More here.)

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