Newspaper era over – Barack Obama

In an interview distributed through Amazon, Barack Obama declares the newspaper era over The Hill reports. The AFR also has the story.  Here is some of what Obama is quoted as saying:

“You see that in every profession. You see that in journalism. It used to be there were local newspapers everywhere.

“If you wanted to be a journalist, you could really make a good living working for your hometown paper.

“Now you have a few newspapers that make a profit because they’re national brands, and journalists having to scramble to piece together a living, in some cases as freelancers and without the same benefits that they had in a regular job for a paper.”

“What’s true in journalism is true in manufacturing and is true in retail,” Mr Obama said.

“What we have to recognise is that those old times aren’t coming back.”

That’s right, the old times are not coming back. The future for all disrupted businesses is to to adopt to today’s reality and to create tomorrow’s opportunity.