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 1 weeks

I blame NewsVoice.

Bob Stephens
Bob Stephens 1 weeks

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 1 weeks

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

Stephen
Stephen 1 weeks

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

White mana matters
White mana matters 1 weeks

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 1 weeks

This was known a decade ago.

TrumpBumperCar
TrumpBumperCar 1 weeks

We knew that for the past 6 years

michael zubas
michael zubas 1 weeks

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

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