By paulgillin | March 6, 2012 - 6:06 pm - Posted in Fake News
Source: Mark Perry
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This entry was posted on Tuesday, March 6th, 2012 at 6:06 pm and is filed under Fake News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Imagine you’re an investor.
Are you going to invest in an industry which shows that it has returned to nearly 70 year old earning levels.
That slow six decade long climb, renting megaphones to Global Village idiots was completely and entirely wiped out during the last 5 years.
Pilots are eschewing heavy flight bags for iPads so I wouldn’t want to invest in laxer toner or printer ink manufacturers either.
School books carrying children no longer need to look like sherpas attempting an assault on Mt. Everest because they can get the content delivered to their iPads.
The chart is interesting, but the scale is wrong. FYI.
[…] between one-third and one-quarter the staff of a printed newspaper. U.S. newspaper revenues have plummeted to levels not seen since the Truman administration on an inflation-adjusted basis, and there’s no indication the trend is likely to turn around. […]