By Nic Hopkins (Google Australia Blog)
In the mid-1990s the status of newspapers as the main source of news to society felt both indisputable and permanent.The Internet was a novelty. We accessed the web on dial-up modems, surfed pages using Netscape and searched for information on Yahoo!, Excite and Lycos. Around the same time, across the Pacific, Amazon had only just launched an obscure online bookstore. In 1995, I began my career as a journalist at The Advertiser in Adelaide. The web was so niche that there were fevered debates about whether we would need one “Internet terminal,” or perhaps two, for an entire newsroom.
Newspapers back then could afford to take their time with technology – there was no rush. They were unassailable and spectacularly profitable, thanks largely to classified advertising. Rupert Murdoch once described classifieds as “rivers of gold”.Today, as we all know, the landscape is vastly different. The print rivers of gold have dried up, print circulation has sharply declined. On the face of it, the news business has never looked so vulnerable. To me, and anyone else who has worked in print or simply loves newspapers, this has been a painful process. My dad worked in newspapers – it’s in our blood…
Featured News
Biden Blocks Nippon Steel’s $14.9 Billion Bid for US Steel
Jan 3, 2025 by
nhoch@pymnts.com
Malaysia Grants Licenses to WeChat and TikTok Under New Social Media Law
Jan 2, 2025 by
CPI
Axinn Announces Promotions of Antitrust Experts
Jan 2, 2025 by
CPI
Federal Competition Office to Scrutinize High Electricity Prices in Germany
Jan 2, 2025 by
CPI
Mexican Lawmakers Advance Controversial Plan to Dissolve Independent Oversight Bodies
Jan 2, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand