Print Media Heading for Extinction?
posted by Kristen on 26 Jan 2012 | category: Publishing News, From the Editors, Day to Day, Economics
With the invention of e-readers and therefore e-books, e-magazines, and e-newspapers, the trees are rejoicing, but are some of America’s most steadfast print/paper companies nearing their end? Barnes and Nobles, The United States Postal Service, Verso Paper, and Quad/Graphics are/were some of the largest companies in the US. Their influence, power, and success seemed endless, but times are changing and the more things change and become digital the more companies that thrive off of print media suffer.
In a recent post on Dead Tree Edition the current predicament of each company is explained. The prediction being that one of these four companies will go bankrupt in 2012, but which one will it be? If we’re talking about the extinction of print media we have to consider which form of print media is still absolutely relevant.
Personally, of the four companies, Barnes and Nobles is the most relevant to me. I don’t have an e-reader and I have no intention of investing in one, so a store like Barnes and Nobles still holds significant value to me. But my opinion and outlook on physical books is most likely the minority. Most people enjoy the efficiency, light-weight, and purchasing opportunities that e-readers and e-books offer. So while it stands to reason that physical books may never become extinct (pretty please?!), the necessity of a big bookstore chain like Barnes and Nobles may diminish.
So what do you think? Which one of these companies will file for bankruptcy in 2012? Or do you think none of them will? Is there hope for these companies to adjust and remain standing? Or will we see a gradual decline of print media, until everything is digital and the trees throw a party?
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