'We all know the problems the media, especially broadcasters and newspapers are facing, but what is the solution?' And this writer has responded basically saying, 'If I had the answers to that question then I would be a very rich media consultant today, but I don’t, so I’m not!' [...]
The CEO of a major newspaper group said a few months ago in a private meeting that it is legacy agreements that are destroying newspapers today. If newspapers were to fold today, this executive said, and all those union agreements and vendor agreements were made null and void, new newspapers could arise within a couple of weeks with employee contracts and vendor contracts that were affordable in today’s environment and those new newspapers could well be profitable from day 1.
