Elizabeth Knight wrote and excellent article for Fairfax papers yesterday about newspaper publishers News and Fairfax. It outlines the challenges and provides background on the moves of the two media giants.
Beyond our connection with Fairfax and News products, we also share the challenge of business model reinvention. Knight provides quotes as relevant to newsagents including:
The key to who wins the performance war rests with the company that best adapts to the new environment.
Both media bosses have the herculean task of convincing investors they have discovered the mutant gene that will allow them to adapt more quickly to the new challenge.
We have to convince banks, landlords, non print suppliers and our fellow shareholders. The size of our task is as big as for News and Fairfax if on a smaller scale.
IMHO, another “must read” is
“Damned Lies and Journalism” at http://thefailedestate.blogspot.com.au/2013/05/damned-lies-and-journalism.html