Although I do hate to see the P-I go under, I can't think of any reason why anyone would want to buy it.
Newspaper revenues are plummeting industry wide. Classified ads used to be about a third of the income of most newspapers; that's now completely gutted by Craigslist and eBay. Auto and retail advertising are down dramatically, due both to the economy and the internet.
Newspapers will only survive if they can re-imagine themselves in a completely different business model. The current business model is absolutely not sustainable. And who wants to buy a business with an unsustainable business model?
It isn't a completely lost cause. There is a large readership, both in print and online. And the print readership remains fairly high, despite competition from the Seattle Times and other online news sources. But it can only survive if someone can figure out how to find a different income stream besides the old model of ads. Classified ad revenue is never coming back. And while retail advertising may come back a little if the economy recovers, it will probably never return to its peak a few years ago.
Posted by
Reverse Polarity on February 4, 2009 at 4:15 PM
I don't understand why 'pole fitness' and 'pole dancing' can't overlap. You know, like in a venn diagram.
And for the record, that shit is really hard to do. Especially the trick she gets into starting at 1:01, where it's as though she's kneeling sideways on the pole. Damn. Makes my knee hurt just thinking about it.
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