February 27, 2009 3:04 PM
- Text
Newsday and Chronicle on the Eve of Destruction
(MoneyWatch) So both the San Francisco Chronicle and Newsday intend to try and charge for their online content. That's precisely the kind of idea one would expect from the likes of the Donner Party, cornered, starving, desperate.
As they consume what is left of their operations in this manner, we can now safely start composing the obituaries of these two storied newspapers. Even if they disappear only partially and briefly behind the pay wall, their audiences will dwindle, and their brands will weaken.
By the time their clueless executives reverse this wrong-headed strategy, other news organizations will have stolen marker share. Newsday, in the midst of the busiest, most crowded media market on the planet, has competitors on every flank.
The Chronicle is in a smaller market with fewer competitors, but this news has to cheer the San Francisco Examiner, the San Jose Mercury News, the Marin Independent Journal, the Oakland Tribune, the Bay Guardian, SF Weekly, and a spate of smaller publications.
There's really no explanation for pushing news or opinion content being a pay wall other then a strong impulse for self-destruction. Maybe it's time for a suicide hotline for media companies, 1-800-bad-idea.
As they consume what is left of their operations in this manner, we can now safely start composing the obituaries of these two storied newspapers. Even if they disappear only partially and briefly behind the pay wall, their audiences will dwindle, and their brands will weaken.
By the time their clueless executives reverse this wrong-headed strategy, other news organizations will have stolen marker share. Newsday, in the midst of the busiest, most crowded media market on the planet, has competitors on every flank.
The Chronicle is in a smaller market with fewer competitors, but this news has to cheer the San Francisco Examiner, the San Jose Mercury News, the Marin Independent Journal, the Oakland Tribune, the Bay Guardian, SF Weekly, and a spate of smaller publications.
There's really no explanation for pushing news or opinion content being a pay wall other then a strong impulse for self-destruction. Maybe it's time for a suicide hotline for media companies, 1-800-bad-idea.
Latest Now in MoneyWatch
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- 6 things you should never share on Facebook
- Make moves now to increase financial aid
- Valentine's Day: 9 places to save
Latest CBS News Headlines
on Facebook
on CBS News
- Ill. Sen. Mark Kirk moved to stroke rehab center
- Comedian's BYU black history video goes viral
- Explosion at Fla. horse center kills worker, horse
- Explosion at Fla. horse center kills worker, horse
on Facebook
- Adele sings a cappella for Anderson Cooper
- Josh Powell had "incestuous" images on his home computer, authorities say
- Adele sings a cappella for Anderson Cooper
on CBS News






