More Newspaper News

In addition to the San Francisco Chronicle, a newspaper I don’t like, failing, it came out this week that the Boston Globe, a newspaper I do like, is in trouble too.

In the midst of the print news gloom, I caught this article on Slate. Don’t let the title, “Do You Think Bandwidth Grows on Trees?”, mislead you. The salient point isn’t that a lack of bandwidth that will keep you from watching your cousin’s dog run into the cupboard door, it’s that in absolute terms YouTube is in way more trouble than the Globe: “The Boston Globe, which is on track to lose $85 million in 2009, is five times more profitable–or, rather, less unprofitable–than YouTube.”

Does that mean that Google will buy up the Globe and support it through this crisis as well?

Somehow it makes me feel better that no one has cracked the new media revenue model, including new media.

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Categories: News, Nuisance, Miscellany

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