http://www.theaustralian.com.au/media/news-limited-trims-divisions-to-f…
After Fairfax recent announcements, everyone in the newsagency industry was waiting to hear what News Corp had to say. The only ones talking were the doomsayers that predict calamity at every opportunity.
Well, News Corp announcement today was not bad for newsagents. It is what earlier I wrote here would happen. They are committed to print.
To News Corp, newspapers are profitable. They stated, “We believe in print and are committed to print,... we still sell around 11 million newspapers a week. Advertisers still find huge value in print.”
Like Fairfax, they are going to be standardizing their papers nationally. A local newspaper is becoming a national newspaper with some local content added.
