“The Newspaper & Radio Bailout”

Newspapers I’m a little fuzzy on whether the following description of the newspaper business model should be attributed to Warren Buffett or Eric Rhoads (Radio Ink) but the point is the same:

“Write the news, cut down millions or trees for paper, build massive printing plants to print it overnight, have a distribution model that pays people to fold and bag hundreds of papers and burn thousands of gallons of gas to go house-to-house throwing papers out of their car windows so people can walk out into the cold or rain in order to read news that is 12-24 hours old.”

Well, if you put it that way… And I particularly liked the line: “Do they really believe the Internet generation can be convinced to sign up for home delivery?”

Uh, I’m gonna say no.

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