Editor & Publisher: API Hosting ‘Crisis Summit’ for Newspaper Industry. The American Press Institute (API) will host an invitation-only, closed-door “summit conference” Nov. 13 in which 50 CEO-level executives will ponder ways to revive the newspaper business.
The newspaper industry’s big issue is pretty simple. It’s trying to move from a monopoly position into a competitive marketplace. That’s incredibly hard even for the best-run companies, but with a very few exceptions newspaper companies are not being run by the best and brightest or anyone even close to that.
The American Press Institute is one of most reactionary bodies on the planet when it comes to understanding how media are changing, or at least doing something useful to help make a painful business transition. A closed-door “omigod-it’s-a-crisis” meeting is the perfect example of how the API continues to miss the point of open media in an open society.