Monday, May 26, 2008
Here is a failure of imagination. No one knows how to make money on the Internet, or so conventional wisdom goes (don't tell them), so a business can reach millions more people, and lose more money. Like the music business, it is a failure to realize the changing realities and adjust to them. Of course, I wouldn't know how to make money in the business, which is why they don't pay me several million dollars a year. But there is clearly money to be made. They just forgot that their core selling point to consumers is hard-core news, not opinion.
Posted by Yishai at 4:36 PM