The Newspaper Industry Meltdown

Dan drew this (click here to see big):

i-a518d22838030d34baeb47f9ef476c85-meltdownweb.jpg

Explains why Siegel is utterly wrong.

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Dead-on analysis, as usual. Speaking as someone in the media, anyone who is not participating/investing in online media and community building (blogs, etc.) is in deep, deep denial about where things are headed.

Spiegel had a Q&A in New Scientist recently, BTW, reiterating his lame self-defense. He's attempting to rehabilitate himself, I guess... with about as much success as one might expect.