Dad, what’s a “newspaper”?

 “If you would have told them 60 years ago that in 30 years they would be flat on their backs, broke, and pleading for government subsidies, they would have thought you totally demented. Such a future was simply not considered possible.” Theodore Levitt on Railroads, 1960.

Even though Levitt is referring to the railroad industry, he might as well be describing the current state of the newspaper industry. This is the second part of my series on the newspaper industry. Go here for Part One. Continue reading