Influential newsletter dies, predicts gloomy times for newspapers

The Business Beat

There’s no shortage of doomsayers for the newspaper biz, but some pessimists have more authority than others. The Morton-Groves Newspaper Newsletter has dispensed business sense to the newspaper industry with great success since 1976. In their last newsletter, the authors warn that big newspapers are in big trouble, but small newspapers still have time to stake their local brand. Online.

Many newspapers in the largest markets already “have passed the point of opportunity” to save themselves, says the Morton-Groves Newspaper Newsletter in its farewell edition. “For those who have not made the transition [by now], technology and market factors may be too strong to enable success.”

Bryan Murley forwarded this post from Alan Mutter, a man who fears newspapers are going the way of the dinosaur.

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