Tuesday, August 6, 2013

The Economics Of Publishing

http://www.mediapost.com/publications/article/206155/the-economics-of-publishing-print-fire-sales-indi.html#axzz2bDa4f3zD
It’s a fire sale in the print journalism industry, and to use a popular analogy, those with digital capital are gobbling up prized publishing assets at the equivalent of 10 digital cents on the analog dollar. Well, the math may not work out exactly that way, but there’s no question that the sale of three major publishers -- The Boston Globe, Newsweek and The Washington Post -- in as many days reflects the declining market valuations of important print media, and the rising fortunes of the digital kind.
In the most striking of the flurry of print media sales, Amazon founder Jeff Bezos announced a deal late Monday to acquire the Washington Post Co.’s publishing assets, including flagship newspaper The Washington Post for $250 million.