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Wednesday, June 10, 2009

My apologies if you are in the newspaper business

The three things that are killing off our traditional newspapers are:
  • Heavy debt loads due to bad choices with respect to heavy consolidation,
  • A rapid shift to the internet to get timely news and information (esp. with the wireless web now allowing people to view the news in real-time on their iPhones and similar devices), and
  • The emergence of CraigsList.org and Kijiji.com eating up their advertising revenues.
And now this report courtesy of CBC.ca today ... "Craigslist revenue on pace to top $100M US".

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