Apocalypse, the spinoff

By , 9 June, 2008, No Comment

In two previous posts, I’ve blogged about the news media in the digital age. Based on parallel movements at CondeNast and at the Washington Post, I predicted that in the future, major “old” brands will aggregate the expertise of various niche bloggers to produce a product that is mostly digital, with occasional print specials. But Sam Zell’s approach to the Tribune Company’s papers suggests a different response to the threat from Google news et. al: a smaller, slimmer, all-print, all-local product that capitalizes on the fact that internet news sources have an edge in fast breaking headlines, but don’t have the time for local color coverage.

In all frankness, I think the future holds a combination of those two models, but if I were trading in media futures (do those exist?) I’d guess that the Washington Post/CondeNast approach is likely to be more lucrative. There are way more places to monetize on that food chain (the daily website, the affiliated blogs, the print specials, advertising in each of the above) than there are in single local dailies. Then again, Sam Zell has done okay for himself so far, so maybe he knows something I don’t?

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