IDG is no longer a print media company. The state of things, according to IDG SVP of Online Colin Crawford:
“The brutal reality that we’re facing today is the costly process of dismantling and replacing legacy operations and cultures and business models with ones with new and yet to be fully proven business models. However, we face greater risks if we don’t transform our organization and take some chances.”
Scott Karp weighs in with his opinion on the future of print:
“The efficiencies of digital distribution of information will soon reduce print publishing to an art form. There will be plenty of artistic reasons to publish in print, but for news and business information, it will become an utterly irrational undertaking.”