BusinessWeek writes of the rapid decline of the San Jose Mercury News, suggesting that people at the paper and at owner Knight Ridder saw problems coming as early as 1990 but were more interested in pleasing Wall Street than in saving the newspaper. A couple of the stats are incredible, including the statement that help-wanted ad sales at the paper plummeted from $121.5 million to $17.9 million between 2000 and 2003.
Read the comments on this story. Several take pointed jabs at the BW reporter, suggest that journalistic hubris is the real reason newspapers are in decline and assert that papers deserve what they’re getting.
This entry was posted on Wednesday, November 21st, 2007 at 8:56 am and is filed under BusinessModel, Classifieds, NewMedia, Newspapers, OnlineMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.