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Wednesday, June 22, 2005

Fiddling While Rome Burns? 

Newspaper Executives Say Concerns Are Overblown

The Wall Street Journal (sub. req) has a short piece on some newspaper execs' optimism about the future of newspapers.

Grabs: Tony Ridder, chairman and chief executive of Knight Ridder Inc., told investors at the Mid-Year Media Review in New York that "the newspaper industry generally and Knight Ridder specifically are strong, healthy businesses with a bright future."

and

[The NY Times' Len] Forman added that newspapers have been faced with challenges, including competition for advertising and readership, for the past 50 or 60 years, "yet the business continues to be a healthy business ... . There will be some businesses that don't make it and some that do."

And yet both Knight-Ridder and the Times have issued profit warnings.

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