Pearlstine Agrees Newspapers Screwed, But Not All Because Of Craigslist by Michael Learmonth

As seen on the Silicon Alley Insider

Norman Pearlstine, former top editor at both Time Inc. and the Wall Street Journal, and now a senior advisor at Carlyle Group, thinks newspapers are in for plenty more pain -- some self-inflicted.

The main problem, obviously, is newspapers are chained to an inefficient delivery system for content and advertising. But Norm believes newspapers brought some of this on themselves by failing to innovate when they were reaping huge margins from local monopolies in the 80s and 90s. The last game-changing innovation by a major newspaper chain was the launch of USA Today, in 1980. READ MORE...