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Common Sense that Won't Be Heeded

On the editorial pages of the Wall Street Journal, the publisher of the largest daily newspaper in Arkansas writes:

One has to wonder how many of the newspaper industry’s current problems are self-inflicted. Take free news. News has become ubiquitous, free, and as a result, a commodity. Anytime you are trying to sell something that becomes a commodity, you have lost much of the value in providing that product or service.

Meanwhile, from Jason Fry’s Real Time column in the same paper:

Whether or not content creators like it, this is the age of fragmentation. In industry after industry, consumers are voting with their feet against old methods of packaging and distributing information. They want to pick and choose what’s of interest to them, without having to pay for or wade through what isn’t. That change, midwived by technology, has shaken or shattered content companies’ business models. It’s made everything they do more risky. And it’s stripped them of power they once enjoyed, forcing them to work with new companies and industries that somehow got to set the rules. Faced with such a situation, it’s understandable that content creators are angry. But the chance to set the ground rules passed some time ago, and it’s high time for content creators to realize that and adjust.

Both of these guys are right in their own way. But Fry has a much clearer understanding of the real business reality — that the monopoly days for daily newspapers are done.

1 Comment on “Common Sense that Won't Be Heeded”

  1. #1 Delia
    on May 7th, 2007 at 8:54 pm

    Dan, I’m not sure Fry is right. It seems to me that ultimately it is the *content* that drives the business aspect of it (it always has been, it always will be — there would just be no selling or buying without it). So as long as content producers would be willing to walk away, they should still have bargaining power. D.