Charlie Munger says newspaper industry is dying

Charlie Munger says newspaper industry is dying

Charlie Munger, who’s a newspaper company executive as well as a Berkshire Hathaway Inc. vice chairman, on Wednesday said daily newspapers ’are all going to die,’ as technological advances cause revenue to dry up. ’Technological change is destroying the daily newspapers in America,’ Munger, 96, said. ’The revenue goes away and the expenses remain and they’re all dying.’

Clara
Clara
Avi Khait
Avi Khait 4 months

I blame NewsVoice.

Bob Stephens
Bob Stephens 4 months

Technology is probably the leading factor but I suspect a lack of trust is contributing. The latter is probably more pronounced for print than TV because the entertainment aspect plays a lesser role.

IvoryDove
IvoryDove 4 months

Propaganda has never been popular. As the media becomes more propagandist, people will abandon it.

Stephen
Stephen 4 months

And the world at large said a collective, No shit!

White mana matters
White mana matters 4 months

No: lies, propaganda, lazyness, left wing extremists, chasing click baits, ivory tower mentality, champagne socialists, corruption, to name a few. THAT'S what destroyed traditional media. ... and the inability to adapt into the digital age or unwillingness to relate to the common people.

Mutatis
Mutatis 4 months

This was known a decade ago.

BumperCar
BumperCar 4 months

We knew that for the past 6 years

michael zubas
michael zubas 4 months

it's already been dead for years. destroyed by the Telecommunications act ofb1996. fuck youuuuu bill Clinton!

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