Newspaper Publisher Doesn’t See Growth in Print

MediaNews Group Inc., the largest closely held U.S. newspaper publisher rethinks its business to expand on the web. Two interesting quotes from President Joseph Lodovic:

  • “The Internet is a small piece now, but obviously it’s growing at a faster rate than the print side. The print side is struggling right now. Some of that is cyclical and some of that is not, but in the next five years we don’t see print growing.”
  • “We have to find ways to grow revenue or become more efficient by eliminating fixed costs. Why does every newspaper need copy editors? In this day and age, I think copy-editing can be done centrally for several newspapers.”