BUSINESS BLOGS
BUSINESS BLOGS
category: business
04 Jul 2008

For a few years, the newspaper industry put Craig Newmark in a category of people that included Pol Pot, Adolf Hitler, Benito Mussolini and Josef Stalin for having the audacity to encroach on their classifieds monopoly.

This year, having elevated Gawker Media as a likely candidate for company of 2008 as early as January, expect to see Nick Denton join Newmark in that category of people who are harming the venerable business of printing newspapers and magazines.

I think what Craig and Nick have done is genius - and I am not alone - mainly because they realized that print was carrying excess baggage and not delivering the goods in the areas that their clients were looking for.

I think more entrepreneurs should take a cue from Denton… he is his own boss and is laughing all the way to the bank without giving a you-know-what about what the publishing or investing establishment thinks.