Why Are Newspapers Going out of Business?

There are three reasons why we are losing newspapers.  The first is in any industry it is common over time that the best run enterprises will eventually out compete the poorly run ones.  In a free economic system it is natural for one or two major players to have all the business.  This is not the same as a monopoly.  A monopoly is an exclusivity to an industry or service that is defended by the force of government. The phone company was a monopoly.  The post office is a monopoly. Microsoft is not a monopoly.

The second reason is that the internet makes printed news not news. It is old before it is printed.  News papers can provide questions and analysis but the news is already on the internet from a million cell phone cameras. Technology creates new industries and obsoletes old ones.  We will, in the future no more long for a newspaper than we will a horse drawn wagon.

The third and most missed reason for the demise of so many newspapers this year is for the same reason that the automobile industry is doing poorly. There are too many manufacturers producing the same product.  They are at over capacity for the market.  Last year, 2008 almost all the newspapers only had one purpose.  That purpose was to suck Barack Hussein Obama’s dick.  Now the Kenyan, Commie Crook only has one dick, therefore only one newspaper is needed to suck it.  If the other newspapers printed the news and history concerning Barack Hussein Obama, he never would have been elected.  By not doing their job, the newspapers themselves made them redundant and unneeded. The sad thing is that there still is need for a real newspaper.  There simply aren’t any.

Pat Bratton

pat@patbratton.com