Are Newspapers Obsolete?
Anita Sharpe on Business
Newspaper giant Knight-Ridder has put inself on the auction block as more people turn to the Internet for news.
It strikes me that the problem with newspapers isn't so much that people get their news elsewhere, it's that most big city newspapers no longer serve a community. I was sitting in Starbucks in Atlanta recently watching two women from the country-club circuit talk, with an hispanic couple seated to their left and, on their right, a group of young artist-types in leather and nose studs.
Atlanta, like most sprawling metropolitan areas, is a city of many communities. But, unlike New York, the numbers aren't big enough to support several daily newspapers targeted to each group.
If you owned or ran a daily newspaper, what would you do?