Capital New York

CharlieTX commented on Betrayed by the Zeitgeist she once channeled, Tina Brown invokes it one last time

Many (most) of the long time print power houses are finding it increasingly difficult to stay in business. And although they are quick to blame the Internet, and in truth it is part of the problem, the main problem is that they have become so liberal that at least half of their former subscriber base just went away. They probably could have withstood a 5%, or maybe even a 10% reduction, in their subscriber base, but to lose half put them out of business. Now, they get to spend some time re-creating themselves in such a way that they can live in the tough business of Internet land with only half of the subscribers they used to have. And all the time they blame the Internet and the high cost of printing.

Posted on December 23rd, 2012 11:04pm