Tipping Point for Traditional Media, the sales of Dow Jones?
We'll see what the Bancroft family decides to do and $60/share will be difficult to pass-up. If sold, the Wall Street Journal would join the media family of Fox and MySpace among others. Seems that Mr. Murdoch wants the digital assests of Dow Jones more than the print assests.
We've read of the trouble at the Chicago Tribune and its sister publication, the LA Times. As well, the New York Times is under pressure to improve its financial performance. Root cause is that advertising is rapidly going on-line to eBay, Craig's list, and Google, of course. Houses, cars, jobs, and relationships are not being located in the print media -- and the trend has been in this direction for a couple of years.
I conclude that like the Music industry, print media has met its own version of the iPod (really iTunes) with the insurmountable advantages of on-line community building and participation among like-minded people. How could the 'one size fits all' model (not to consider its cost) of printing media compete with the lower cost and highly focused presentation of internet-based media?!
Personally, I'll miss the scholarship and the authority - as well as the familiar form-factor - of my favorite papers. It looks as though they will have to find a like platform online.