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comment by coffeesp00ns
coffeesp00ns  ·  2200 days ago  ·  link  ·    ·  parent  ·  post: 'Denver Post' Calls Out Its 'Vulture' Hedge Fund Owners In Searing Editorial

I mean, spoiler alert, when you treat anything as simply a profit-creation mechanism, its quality suffers. Quality costs, and profit is all about getting the most revenue you can for the least amount of capital, which leads to a situation where the operator constantly experiments to see how low the quality can be (and thus how cheaply the product can be made), without an excessive loss of revenue from people refusing to buy an inferior product.

This strategy is used in industry after industry because it works - Power tools are an easy example. Especially if it's a known, well-established brand, we'll tolerate a lot of bullshit before we move to another product. This is just venture capitalists using the same strategy they've seen work in other industries, applying it to newspapers.

And so far, it's making them a lot of money right now (even if it won't long term). why do they care if the news sucks? they'll suck the vein dry then move on to something else.

So good luck, Denver Post Editors, but I don't think you'll get far. Maybe try and crowdfund a printing press so you can start your own newspaper? Unfortunately it's sort of the kind of industry where you need a lot of capital to be able to compete.

Welp. I depressed myself.





user-inactivated  ·  2200 days ago  ·  link  ·  

We should start our own newspaper. We can call it something like The Hubski Journal: The Thoughtful Place for Thoughtful News.

kleinbl00  ·  2200 days ago  ·  link  ·  

I have less than zero interest in working that hard.

user-inactivated  ·  2200 days ago  ·  link  ·  

demure does #thesundaypaper some Sundays.

demure  ·  2200 days ago  ·  link  ·  

I should really do it more often! Look for something coming this weekend :)