News is what somebody somewhere is trying to suppress. The rest is advertising.Â
– Lord Northcliffe, cited in New Yorker, March 9, 2009 P.21
Sadly, the news business is in dire straits in America these days.
Every other day, it seems like a newspaper is folding in the U.S.
The 150-year-old Rocky Mountain News shut its doors last month, the Seattle Post is closing its print version and morphing into a lean, online-only publication and many other newspapers including the San Francisco Chronicle are on life support.
As for TV, news on this medium has been almost completely replaced by commentary i.e. overpaid buffoons talking unadulterated garbage.
Au contraire,Â the outlook for newspapers is not that bleak in India.
Compared to the U.S., newspapers in India continue to do well although there’s been some talk lately of layoffs and wage reductions.
The price of newspapers is still very low in India, competition is robust, wages are low and the growing economy (until recently) boosted advertising.