On newspapers and their websites

On one hand, Steve Rattner writes in the Wall Street Journal:

The news about newspapers could hardly be more dismal: falling circulation, repeated rounds of layoffs, disappearing ads and a chain of bad earning reports. It’s an unsavory stew of ills, one that shows little prospect of becoming more appetizing.

On the other hand, there are a slew of them coming up in India, as the Economist describes in its piece, “Let 1,000 titles bloom.”

One reason why newspapers are flourishing in India but diminishing in importance elsewhere is the internet. At the moment, internet penetration in India is simply too low for people’s reading habits to change, and for some of the things newspapers do to become redundant. But it will grow.