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END TIMES: LA Times Employee Predicts Paper Online-Only In 3 Years (Dinosaur Media DeathWatch™)
Business Insider ^ | September 26, 2011 | Noah Davis

Posted on 09/27/2011 12:26:34 PM PDT by abb

Ed Padgett knows a thing or two about printing newspapers.

For the last 39 years, he has been working as a pressman at the Los Angeles Times.

In the near future, he could be out of a job.

"[The management is] expecting a really bad fourth quarter. The senior vice president told us we’ve got three years more of printing the hard copy Times before they shut it down. Our plant manager says five years," he told The Frying Pan.

A LAT spokeswoman said that there were no plans to cease publication of the print product, but you would not expect her to say anything different.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; circulation; dbm; newspapers
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To: abb

Ahhhhh......the old media......bravely standing on the deck of their burning, sinking boat.....keeping a stiff upper lip as they refuse to turn on the pumps of impartiality to save the boat.....”I’d rather be a drowned Democrat than be right!” squeaked the captain......bon voyage brave little sailor.


21 posted on 09/27/2011 1:03:22 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: abb

And online only will have a very short half life.

22 posted on 09/27/2011 1:03:37 PM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: Route797
Nobody seems to care about the little people, the apolitical grunt workers, who are hurt in these situations. The policymakers will land on their feet while the ordinary employees face catastrophe.

That pressman has been there 39 year, likely with a gold-plated union contract feathering his bed. The pressmen's union still holds sway in newspapers.

No sympathy here.

23 posted on 09/27/2011 1:08:34 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Abb,

The same numbers hold for the NYT.

The papers owned by Zell, the Chicago Tribune group, will be gone in less than that.

None will succeed as internet entities because they can not operate in either a “lean and mean, “non-hierarchical” or “news NOW” mode.

BTW, Television as we know it will be gone in 5-8 years.


24 posted on 09/27/2011 1:09:01 PM PDT by MindBender26 (Forget AMEX. Remember your Glock 27: Never Leave Home Without It!)
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To: MindBender26

Correct. It’s all about the ease of distribution. Giant paper mills, printing presses, hand delivery door-to- door, etc, for newspapers. For TV, satellites, microwave relays, towers and transmitters, studios, etc.

Why spend money on all that when you can distribute video, audio and print to the entire world with the click of a mouse?


25 posted on 09/27/2011 1:14:34 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

I don’t expect many local newspapers to survive the next 5 years as a full sized daily newspaper on actual paper. The wall street journal, the new york slimes, USA today, and maybe 25 more major city newspapers. They rest will end up being mini papers possibly only circulated once weekly or electronic only.


26 posted on 09/27/2011 1:16:45 PM PDT by mamelukesabre
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To: abb
You make a good point about the veteran employees, but what about those in mid-career who aren't eligible to retire?

The older I get, the more sympathy I have for those who have been overtaken by time and chance.

27 posted on 09/27/2011 1:21:38 PM PDT by Route797
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To: WKUHilltopper
Here’s an idea. Quit printing biased propaganda.

When the Austin American-Statesman circulation department calls to sell me an ultra-cheap subscription (about once a week), I always remind them it seems they would rather lose money as a mouthpiece for the democrats than provide unbiased coverage and turn a profit. And that I am happy to help them go broke by remaining a non-subscriber. They still call, not quite as often.

28 posted on 09/27/2011 1:24:54 PM PDT by Cracker Jack (If it weren't for the democrats, republicans would be the worst thing in Washington.)
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To: abb

and the RATS, take another one in the.........HA ha!!!

29 posted on 09/27/2011 2:55:36 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: abb

The daily paper went up from 25 cents to $1.00 in like the last 7 years.
They are tanking.


30 posted on 09/27/2011 3:21:05 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: abb

39 years is about right for a working career. He can retire and be just fine. The other suckers in their early 50’s are in for a long road ahead.


31 posted on 09/28/2011 10:02:54 PM PDT by MovementConservative (Go Mariners! 2012!)
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