FRIDAY, APRIL 20, 2007
IWantMedia.com
"Which is not often easy to get," says
Craig Newmark. He's asked if Craigslist is threat to newspapers. "Not in a significant way," he says. "We do drain some revenue from some papers that rely on ads. ...There is a bigger threat from the niche sites and niche papers. Sites like Monster are more of a threat because they suck away a lot more job ads. An even bigger threat is the pressure from Wall Street to get like 10 or 20 percent profit margins. Maybe papers should focus on better Web sites, delivering the news better through the Net. Paper is just an expensive media. It's expensive to buy the ink, print the paper and deliver it."
Posted at 11:00:17 AM
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