For every 1 million craigslist made with their business model, the newspaper and media industry lost an estimated billion.
The ways things are going with automation and efficiency; wages will stagnate and we will be able to support more people on unemployment.
Quote:
Originally Posted by Mutt
Wow, a major daily newspaper in the 5th largest media market in the US only worth 70 million dollars. In 10 years it will probably be worth 10 million.
Question is how far away are we from major newspapers ceasing to put out a print edition of their newspapers?
|