News is huge. More people access news than porn. All right, probably not. But more people turn to the to access news than to be entertained (even though Johnny Carson was right in saying that people want to be entertained and not educated) or to get weather information etc.
You would think that if this was so (it is), then newspaper companies, whose greatest asset is their newsroom, would be cleaning up online.
Imagine a bizzaro world where newspapers had enough leverage to dictate terms to Google in terms of how much of its content Google could index because Google recognized that newspaper companies held the all important “first mile” from the front lines in the newsroom.
But no, newspapers have sat largely idle as others have eaten their online lunch.
Today Barry Diller said that IAC was not looking to buy a newspaper company but instead launch a new service. He is right that there there is a major “opportunity in news online,” but that is exasperated by the frightened strategy newspapers have adopted vis a vis the web.
To see our previous commentary on newspapers click here.
To read Mr. Diller click here.
Tags: Internet & Web, Management|
Posted By: Ashkan Karbasfrooshan | Nov 28th
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