 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Newspapers face survival struggle: Hong Kong media mogul
Hong Kong (AFP) June 24, 2009 One of Asia's leading media moguls, Jimmy Lai, said Wednesday that newspapers faced a tough battle to survive and that providing content on the Internet for free was not a sustainable position. Lai, who owns the Apple Daily title in Hong Kong and newspapers in Taiwan, said the newspaper industry faced a "problem of survival" as it struggles to attract a new generation of readers used to TV, computer games or the Internet. He told the Foreign Correspondents' Club in Hong Kong that the industry had to remain "creative" if it wanted to keep its market share. He also said media companies had to charge for some online content, which is given away for free by many newspapers. "We have got to charge for something. This is not social work," he said. "I do not know how Twitter or Facebook is going to make money. They are fantastic, but where is the money?" Lai made his first fortune with the Giordano clothing chain, but got into newspapers and magazines following the military crackdown on the Tiananmen Square protests in 1989. He has since become one of the leading anti-Communist Party voices in Hong Kong, while building a media empire. Newspapers across the world have struggled in recent years to hold on to readers who have migrated to free content on the Internet and blogs for their news, dragging much of the crucial advertising revenue with them. Share This Article With Planet Earth
Related Links Global Trade News
Australia to probe China aluminium dumping claimsSydney (AFP) June 24, 2009 Australia on Wednesday launched a probe into alleged aluminium dumping by China, risking deepening tensions between the two trade partners after a massive resources deal went sour. The Customs and Border Protection Service said local Australian aluminium company Capral Limited had lodged an application on behalf of the local industry claiming China had dumped and subsidised certain extrusion ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook