EconomicPrincipals.com David Warsh writes: "Newspapers have survived three big challenges to their authority: the rise of general interest magazines from the1890s, of radio news from the 1920s, and television news from the 1950s. Each time newspapers got on top of the competition by entering the new businesses themselves, and by extending their coverage of their rivals’ spheres." He acknowleges that the Internet is the biggest challenge yet.
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Newspaper industry took a tough beating in February >
Under weight of its mistakes, newspaper industry staggers >
Problems and potential were identified decades ago
David Warsh is uniquely qualified to comment on this topic....
