Umair Haque always talks intelligently about economics, and yesterday’s post ‘The Nichepaper Manifesto’ is well worth reading in full. Some choice quotes: “Journalists didn’t make 20th century newspapers profitable — readers did. 20th century newspapers were never supernormally profitable because of what they wrote: it was the natural monopoly dynamics of classifieds that fueled massive margins.” Note: those monopolies are
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Umair Haque on ‘Nichepapers’
Umair Haque always talks intelligently about economics, and yesterday’s post ‘The Nichepaper Manifesto’ is well worth reading in full. Some choice quotes: “Journalists didn’t make 20th century newspapers profitable — readers did. 20th century newspapers were never supernormally profitable because of what they wrote: it was the natural monopoly dynamics of classifieds that fueled massive margins.” Note: those monopolies are
Read more…
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