I was listening to an interview on the FAN (Toronto’s sports radio station) on the way down to Waterloo today that featured Boston Globe sports reporter Kevin Paul Dupont.
Before he was asked about the Boston Bruins’ playoff series demolition of the Montreal Canadiens, Dupont talked about how the New York Times has decided that if the Boston Globe’s unions don’t accept huge cost reductions, it may have to consider closing the newspaper.
Dupont was surprisingly frank about the economic realities facing the Globe and newspapers, in general. One of the analogies he used was newspaper are going through the same process that hi the horse and buggy industry at the turn of the 20th century.
It was an interesting comment because it’s simplistic yet pretty a pretty accurate depiction of what’s happening. The difference is people bought horse and buggies, and they purchased their successors, automobiles. Today, people are buying newspapers but not spending anything for digital content.