Wednesday, November 05, 2008

Obama Wins, Newspapers lose

Barack Obama has made history, millions have rejoiced at the news, but hundreds of print newspapers have woefully underestimated the nostalgic demand for the memorabilia value of their November 5, 2008 editions.

Why did newspapers fail to boost circulations in light of the election of the first African American to become President of the United States?

All over the USA, folks have been lamenting about the lack of local papers.  The New York Times, Wall Street Journal, Washington Post, USA Today, etc.  All gone in the early hours of November 5th from newsstands.

Some papers, like the New York Times, are now prepared to publish collector’s editions.  A few will be charging higher prices to get their paper into your hands.

At the expense of the print editions, 2008 will be remembered as the year the online press favorably embraced the rush for information about a USA favorite son from Hawaii who would win the White House and shock the world.

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Posted by Hugh Smith on 11/05 at 09:30 AM
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