“”Who’d want to buy dozens of newspapers? The industry’s print advertising revenue is in barely controlled freefall, down eight percent a year since 2011; this budget season’s now-familiar gut-wrenching forecast for 2015 is the same. Paywall-related revenue and digital advertising initiatives have only partially offset that loss. Consequently, figure it’s been 84 months or so of unending downward revenue trajectory; 2007 was the last year of significant revenue growth. Only deep cost-cutting, including the downsizing of America’s daily newsrooms by 30 percent or 20,000 jobs, has maintained high single-digit to to low-double-digit profitability. How long can that strategy last before the last print subscriber cancels in frustration?””
The big news of the day is Google’s partial launch of +1, a very geeky answer to the Like or Retweet button. In a move inspired by forum websites of the late 90s, Google is testing a product that allows you to “+1” search results.