Thanks to my friend Colin Crawford’s (@ccoc) RT of @ramblingman, I caught up on this article about disruptions Telegraph has brought to Newspaper industry in 1845 and how the newspaper industry built their relevance in the changing communication landscape of Telegraph in mid 19th century.
If I were to build analogous comparisons between both innovations – Telegraph and Internet – and their impact on Newspaper industry, this is how it would look.
Unlike the Economist editor, I think the News paper industry will also survive along with news business – just in a brand new form with new rules. I talked about the threat of substitutes in my previous blog. I think that threat can be turned into opportunity for news publishers.
I think the biggest threat to the news paper industry can be turned into their partners and promoters – in the world of Twitter, Search and Internet in general.
PS: Opinions expressed are my own.