Even after years of layoffs, size reductions, page slashing, photo staff firing, and general ineptness and inability to adapt to these digital times, newspapers are not quite dead. So, can we please stop saying newspapers are dead?
It’s widely accepted that they will die; we just need to give it some time before we pull the plug.
In an article for About.com, Tony Rogers does a fine job of explaining why, though severely ailing, the newspaper industry isn’t quite finished yet. He writes:
“If you don’t believe me, believe Warren Buffett, a guy who seems to know a thing or two about making money. His Berkshire Hathaway investing firm has bought 28 papers in the past two years, and Buffett has said he expects profit margins of about 10 percent. That’s a big drop from the halcyon days of newspapering, but pretty good compared to profit margins in many other industries.”