D
DemoChristian
Guest
If you had the power, what would you do with newspapers to get things back headed in the right direction?
I think I'd start by being willing to pay the money to get and keep good people. It might cut into the profit margin, but it would also keep/increase demand, which would pay off in the long run.
I would put everything online and hire people for online layout. I'd even be willing to go exclusively online if that was necessary. There are some older people who will never go for it, but it's clear the Internet is here to stay and we need to follow the example of the tobacco companies and hook 'em while they're young to have sustained success.
I would explain to investors that the profit margins of the past are probably never coming back, but there is no reason we can't continue to make a healthy return by being the top news source for our coverage area.
I think I'd start by being willing to pay the money to get and keep good people. It might cut into the profit margin, but it would also keep/increase demand, which would pay off in the long run.
I would put everything online and hire people for online layout. I'd even be willing to go exclusively online if that was necessary. There are some older people who will never go for it, but it's clear the Internet is here to stay and we need to follow the example of the tobacco companies and hook 'em while they're young to have sustained success.
I would explain to investors that the profit margins of the past are probably never coming back, but there is no reason we can't continue to make a healthy return by being the top news source for our coverage area.