Now here are some trends…
Revenues from print advertising are decreasing
Commentators see a crisis for newspapers in the next few years, as advertising is siphoned off and more and more (particularly younger) people use the internet as their first-call news providers. Attempts at pay-per-view by press websites invariably precipitate a slump in usage.
The ideas interview: Lawrence Lessig, Guardian Unlimited
Established Bricks & Mortar businesses were caught unawares by this ‘web’ thing, in spite of warnings
Alan Giles (CEO of Waterstones), announced last week that he would be leaving at the end of the year because he accepted responsibility for the losses that followed from his underestimating the attack from the web. HMV lost 9 per cent of its sales in the 10 weeks to 7 January and Waterstone’s 5 per cent. Amazon is responsible for this collapse: before Christmas, it was predicting a 24 per cent increase in business. Even youthful-looking, open-necked Giles admits he did not see it coming.
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