State of the Industry: Chapter 11.

Maybe we can get Nancy Pelosi to work for a $25 billion for our industry and convince Obama to make it happen.

Question is, who could burn through that money faster, GM or McClatchey? Heck, give the $25 bil to both and make a survival race out of it---last one standing gets to swallow the other.

 

I can see this..

* Figure out how to leverage core competencies into new directions and new niches.


... entered into dooleyfish.

 

Just a thought. If the auto industry receives a bailout plan, could something like that be done for the newspaper industry?

 

The time has come to blow up the industry and start again, and these guys say they're going to meet again in six months? Boobs.

 

No. Millions of people in countries around the world are dependent on the automobile industry. I've heard that for every job created in the auto industry, that's three or four more in the parts industry.

The newspaper "industry" is just a blip. Plus the newspaper is an outdated model. It can be produced online with smaller staffs and less overhead, quality be damned.

I'm not a fan of the bailouts but if we lose the auto industry we're fucked. There's not enough jobs at Wal-Mart to employ everybody. Those jobs are already being held by everyone who used to be in the textile industry.

From Wikipedia: "Closing the Big Three would mean loss of 240,000 very high paying jobs at the Big Three,[7] a loss of 980,000 high-paying jobs at the suppliers and local dealers, plus the loss of 1.7 million additional jobs throughout the economy--a loss of 3 million jobs. Estimates are that a Big Three shutdown would cause a decline in personal income of $151 billion the first year, and $398 billion over three years. The federal, state and local governments would lose tax revenue and spend on welfare programs a total of $156 billion over three years.[8"

 

I hear and agree with what you are saying. Newspapers are screwed, no question.