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Zhigang Suo's picture

Let us seize the greatest opportunity of our time

We've been hearing rumors that print is dead, killed by the Internet. What is the reality then? For example, how are newspapers doing? Not too badly, according to the numbers cited by James Surowiecki, of The New Yorker. He also made the following remarks, however.

"The popular conviction that papers are doomed may cause owners and shareholders to prefer the cash-cow approach, accepting eventual oblivion while continuing to harvest billions of dollars in profits. Settling for a tolerable short-term future, newspapers could end up writing themselves out of the long-term one. Yet it’s also clear that this moment of supposed doom represents a sizable opportunity for newspapers, a chance to reinvigorate their product and, eventually, improve the economics of their business."

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