From NY Post via Business Insider:
Ny Times CEO Arthur Sulzberger thinks that physical newspapers will stick around as well. “The best analogy I can think of is — have you ever heard of the Titanic Fallacy?” he asked. We hadn’t. “What was the critical flaw to the Titanic?” We tried to answer: Poor construction? Not enough life boats? Crashing into stuff? “A captain trying to set a world speed record through an iceberg field?” he said, shaking his head. “Even if the Titanic came in safely to New York Harbor, it was still doomed,” he said. “Twelve years earlier, two brothers invented the airplane.”
Okay, so let us get this straight. The publisher of the New York Times is saying that getting into print journalism is like getting on the Titanic?
“We are trying to convert shipping companies to airplane companies,” said Sulzberger. “Same business: transporting people safely across long distances. Different cost structure, different way of doing business, but the same core business. There is still a very vibrant business in shipping. It’s just not taking masses of people across the Atlantic. It’s now taking families around the Seychelles, or something like that. There will still be passenger ships, but they’re not going to be in the same business. So print will still be here, I believe, decades from now. But will it be the driving force? No.”
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WatchMojo NewsletterBig Champagne CEO Eric Garland:
That means that this year or next year is going to be Hollywood’s year to really start to lose audience–not just at the fringes but in regular middle-American living rooms. They’ll lose them to the other box, to the smart box.
Read more on CNET.
Could it happen? Sure, why not. Markets are looking for a catalyst and if any media company could IPO these days, NBC Universal could be it. See the interview with John Battelle here:
