
Social media Web site Reddit has an interesting discussion on Warren Buffet’s recent assessment of newspapers (Warning: the discussion on Reddit contains explicit language) in Berkshire Hathaway’s annual letter.
It’s interesting to read comments on newspapers by people who don’t work in the media world. These are the readers that journalists have to reach out to.
Here are some excerpts:
“People aren’t paying for news. They’re paying for a newspaper to get coupons, the home shopper, classifieds, tv guide, or obits. But they would never buy a paper that was JUST those things. They want news.” - hopper
“The [reputable news sources] are more heavily edited and fact-checked, but they are also pruned into banality and contain hidden biases in the facts, interviews, and events never reported at all.” - tofocsend
On community journalism, Reddit user 570 writes, “Rather than imporve their journalism and give people a reason to depend on them again, they are depending on the public to give them free content. It’s part of their freaking business-plan now!”
“Young people do not subscribe to newspapers. I know I don’t want them in my house! So as older subscribers retire, they aren’t being replaced. The Boomers are headed out and a lot of stuff that catered to them will go with them and good riddance!” - goldenhb
“and why are newspapers so great? 90% of their “A” section content is repurposed wire data. yahoo news get the same data, save yourself the walk to the curb. the only thing newspapers seem to still dominate is municipal politics. the ad content is insane in most local papers. the ad content can be weighed in pounds in the san jose merc. i’m supposed to be rooting for this? goodbye, dead industry.” - cypress-hill