“So Much For Newspapers (In Present Form)”

In the big picture, tearing down a system where power to disseminate information was in the hands of the relative few is a good thing, but revolutions are rarely bloodless. The death of print was in the works for decades, but no one has yet figured out the new landscape. Two quotes:

From Stewart Brand in 1972:

“One popular new feature on the Net is AI’s Associated Press service. From anywhere on the Net you can log in and get the news that’s coming live over the wire or ask for all the items on a particular subject that have come in during the last 24 hours. Project that to household terminals, and so much for newspapers (in present form). Since huge quantities of information can be computer-digitalized and transmitted, music researchers could, for example, swap records over the Net with ‘essentially perfect fidelity.’ So much for record stores (in present form).”

From Michael Wolff in 2014:

“[Politico] did usurp The Washington Post, so they took what was essentially a 2 billion dollar business and replaced it with a business that does 25, 30 million dollars in revenue. So that’s kind of the paradigm. You take these businesses that were real businesses, incredibly valuable businesses, and you create that same function with businesses that are essentially trivial.”

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