Thursday, September 27, 2007

Don't read this, Ft. Wayne Newspapers

10 businesses facing extinction in 10 years - Future of Business - "Here are our picks for 10 businesses facing extinction in 10 years. "

"Some people thought they were through when radio and TV news came about. Even after the fax machine revolutionized offices, some people predicted that everyone would have their news faxed in, since that would be quicker than relying on a newspaper. But the numbers have been falling precipitously since the 1990s when the internet came on the scene. In the past year, the Audit Bureau of Circulations twice has posted drops averaging 2.1 and 2.8 percent over six-month periods. Newsrooms across the country have been hemorrhaging staff.

"Odds of survival in 10 years: They won't disappear; they'll be on the internet. We don't recommend startups investing a lot of money into a printing press plant." [emphasis mine]

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