QOTD: No Good News for Newspapers
Maybe, we’ll dodge a second recession in the short-term, but the game is the game, and publishers are simply running out of good choices. They’ve been dealt a deck of wild cards, misplayed a few hands and now have fewer chips left to play.
Analyst/author Ken Doctor with a grim prognosis for the newspaper business, which isn’t in any shape to weather a new macroeconomic collapse. Unpleasant factoid of the day: Industry ad revenue has been down for the past 22 quarters.