Not worth the newspaper it’s printed on?

In case you hadn't noticed, newspapers are in trouble. Craigslist decimated their revenue model, and blogging killed the "scoop." Now, Business Week writes that the New York Times could save $300 million a year if they stopped printing paper copies and instead bought every subscriber a Kindle.

Print journalism seems to think their value is in wood pulp, rather than ideas. At the very least, they know how to charge for wood pulp distribution, and not how to charge for dissemination of high-quality information and ideas.

What lessons can you learn from the newspaper industry?  What new technology or trend will be the "Kindle" to your business model?  What services or ideas should you be charging your customers for that will create your competitive edge and a sustainable business model?


Ira S Wolfe