NYTimes on the Death of Traditional Publishing
Choice quotes:
“That feeling of age, of a coming sunset, is tough to avoid in all corners of traditional publishing. Earlier in November, the New York comptroller said that employment in communications in New York had lost 60,000 jobs since 2000, a year when the media industry here seemed at the height of its powers.”
“Few of us could have conceived that in the next decade some of the reigning titans of media would be routed. Profligate dot-com ad money that had fattened print went away in a digital wipeout, and when digital media came back, it was to dine on the mainstream media rather than engorge it.”
“So what do we get instead? The future, which is not a bad deal if you ignore all the collateral gore. Young men and women are still coming here to remake the world, they just won’t be stopping by the human resources department of Condé Nast to begin their ascent.”
I admit it. I’ve been more or less crowing about the opportunities in New Media caused by the death of Old Media. Now, a part of me just kind of feels depressed.
Ah well, I suppose I don’t have much to complain about. At least I’m not on the other side.