Tuesday, January 26, 2016

Paul Godfrey on the newspaper turmoil (CP interview)

CP's David Friend interviews Paul Godfrey. Excerpt:
“'There’s no doubt the business models for newspapers, magazines and conventional television are all being disrupted,' said the 77-year-old executive, stating what’s become painfully obvious for Canadian news outlets.
"Godfrey points to technology giants like Google and Facebook as behemoth competitors who are luring away long-time advertisers by selling audience reach and metrics that traditional media companies simply cannot offer.
"Canada’s media industry is indeed facing widespread turmoil – hundreds of pink slips have been handed out already this year, and two daily newspapers are closing down permanently – but Postmedia is sitting with its own unique time-bomb of financial constraints."

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