Jack Shafer: Who jumped first from the newspaper sinking ship?

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June 16, 2012

Jack Shafer: Who jumped first from the newspaper sinking ship?

Reuters :: When did the ripe, bulbous, and gibbous newspaper bubble pop? - It was probably in the 1990s, when the business better resembled a cruising blimp than it did the dotcoms like Pets.com, Boo.com, and TheGlobe.com, which all went kerblewy around the turn of the century.

[Jack Shafer:] Unlike the bombing dotcoms, the high valuation of newspapers was based on real, not imaginary profits, and the belief that the profits from these deals would extend for years, if not decades, into the future.

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Continue to read Jack Shafer, blogs.reuters.com

June 16, 2012 at 05:27 PM | Permalink

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June 16, 2012