..I think we’re witnessing the end of the newspaper business, full stop, not the end of the newspaper business as we know it. The economics just aren’t there. At some point, industries enter a death spiral: too few consumers raises their average costs, meaning they eventually have to pass price increases onto their customers. That drives more customers away. Rinse and repeat….
Megan McArdle, “The Media Death Spiral”
…This one is for @jayrosen_nyu.
Source: The Atlantic
