The latest data from the U.S. Bureau of Labor Statistics (BLS) shows that employment in the book publishing industry dropped by over a quarter (25.7%) since spring 2006 and nearly a third (32.5%) from its peak 20 years ago. (more…)
April 18, 2016
Netflix released its latest quarter earnings report today. In a Letter to Shareholders (PDF), Netflix CEO Reed Hastings described the competitive landscape the company faces. In doing so he framed the challenge faced today by all publishers, certainly all book, newspaper and magazine publishers. I’ll quote directly: (more…)
September 23, 2014
At the end of 2012 I published a post called “Read & Watch the Future of Publishing at the New York Times.” That post considered John Branch’s award-winning “Snow Fall: The Avalanche at Tunnel Creek.” The New York Times continues to innovate, this time in the travel section. The short title is “Norway the Slow Way.” (more…)
September 18, 2014
I’m thinking about two very different products each apparently well on the road to oblivion.
Here’s a graph (roughly) illustrating the decline in the use of traveller’s cheques (aka “travelers checks” and several other spellings). There was tremendous growth through the mid-1990s. The drop-off is severe. Wikipedia details that “travelers cheques are no longer widely accepted and cannot easily be cashed, even at the banks that issue the cheques.”