Opinion: Newspapers Squandered Their Monopoly-Period Earnings and Now Blame Google and Fb
Three many years in the past, when America’s native newspapers have been at their peak, I attended a dinner for publishers at a mid-sized chain. After dinner, the president rose to talk and requested everybody to clap for one writer whose newspaper had exceeded a 50% revenue margin within the earlier month.
At a 50% margin, half of each greenback from subscribers and advertisers went on to the underside line. Positive, there was depreciation to account for, and a few