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posted by Jason Kottke  ·  gift link

10 reasons why newspapers won’t reinvent news

A list of reasons that newspapers won’t (can’t?) reinvent news.

The culture of newspaper management is a dysfunctional relic of a low-bandwidth, monopoly era. It still hasn’t adapted to the lessons of Web 2.0, it’s generally beholden to a short-term stock price instead of a long-term re-investment strategy and it simply refuses to accept that you can’t expect 20 profit margins in a competitive market. Instead of leading, it is a legacy anchor.

An overly harsh list, but good food for thought.