Robert X. Cringely, longtime technology columnist is predicting that the publishing industry (magazines and newspapers) is on its last legs. The money graf:
“The biggest effect can be seen in traditional markets that have the greatest concentration of Internet users, which is to say computer magazines — a dismal category. Remember the days when PC Magazine was 300-plus pages, looked like a telephone directory, and did product comparisons of 100 laser printers at a time? Those were the days. Today, PC Magazine is half the size it used to be or less, as is nearly every other computer publication. Blame the Microsoft monopoly, blame 9/11, blame the economy, but the real culprits are online users and online advertising, which is to say Google, Yahoo, and pay-per-click.
What happens this week for computer publications will happen next week for other types of consumer magazines and the week after that for newspapers. “