Get LISNews via email! Enter Your Email Address:
Irony abounds today in the newspaper industry. I\'m convinced that its ink-on-paper product -- the one you\'re likely holding in your hands now -- is doomed. Yet this is hard for most people in my business to imagine, because net profit margins are a healthy 10 percent and ad revenues are booming. While mine remains a minority view, I believe it\'s only a matter of time before Internet news services grow so big they displace their print counterparts. It starts with a siphoning of newspaper classified ad revenue into searchable online databases. It may take 20 years -- and may not even be what most readers want -- but newspapers on newsprint will die.