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Another Asteroid Hitting?
Blogs may not kill off newspapers, but Craigslist might.
Posted by Rand Simberg at October 08, 2005 07:55 AM
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Make that "a thousand and one" cuts
Excerpt: Ah, the good news just keeps on a-comin'. Via Rand Simberg we discover where a few more tens of millions of missing dollars that hemorrhaged from newspapers' coffers have turned up. Well, of course it was on the web, but
Weblog: Forward Biased
Tracked: October 10, 2005 03:54 AM
halloween cards
Excerpt: halloween cards
Weblog: halloween cards
Tracked: September 12, 2006 02:42 AM
Comments
And craigslist funds all this solely from the revenue from help wanted ads in three job markets!? It's pretty bad when a competitor is offering the same product for costs far below your own and making money at it.
Posted by Karl Hallowell at October 9, 2005 05:43 AM
Newspapers had a defactor monopoly on want ads due to the high cost of printing and positive economies of scale (more readers ==> more ads ==> more readers). They've lost the former advantage and are fumbling away the latter. The competition also has better search capabilities than paper want ads. What they should have done was cannabilize their own market, but that would have required courage and an unusual lack of denial.
Posted by Paul Dietz at October 9, 2005 10:20 AM
Over/under on the amount of time it takes the local print papers to head off to the DoJ or FTC and ask them to charge Craigslist with predatory pricing?
Posted by asg at October 9, 2005 08:16 PM
Over/under on the amount of time it takes the local print papers to head off to the DoJ or FTC and ask them to charge Craigslist with predatory pricing?
I'm surprised the California papers haven't done it yet. The state laws are particularly conducive to this sort of litigation.
Posted by Karl Hallowell at October 10, 2005 02:28 AM
It is only predatory pricing if raiglist is doing it for less than his cost.
Posted by Mike Puckett at October 10, 2005 09:10 AM
Its amazing the number of people that are willing to barter goods in exchange for "non-erotic" massages. I'd imagine that people wouldn't be taking the time to put the offer out there if it didn't work out for at least someone. I guess it does prove that we really are just a step above any other animal cause we have a penchant for petting eachother all the time.
Posted by Josh Reiter at October 11, 2005 08:17 AM
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