Tuesday, May 5, 2009
Professor Barger reported on this yesterday but if she will indulge me, I think the story is so big, it deserves a second post. The New York Times reported on Monday that Amazon's new Kindle may be released later this week. In addition to its potential to revolutionize textbook sales, it's being described as a veritable "electronic life preserver" for a bunch of comatose media interests:
An Amazon spokesman would not comment, but some news organizations, including The New York Times, are expected to be involved in the introduction of the device, according to people briefed on the plans. A spokeswoman for The Times, Catherine J. Mathis, said she could not comment on the company’s relationship with Amazon.
These devices from Amazon and other manufacturers offer an almost irresistible proposition to newspaper and magazine industries. They would allow publishers to save millions on the cost of printing and distributing their publications, at precisely a time when their businesses are under historic levels of pressure.
'We are looking at this with a great deal of interest,' said John Ridding, the chief executive of the 121-year-old, salmon-colored British newspaper The Financial Times. "The severe double whammy of the recession and the structural shift to the Internet has created an urgency that has rightly focused attention on these devices.'
Unlike some of the cockamamie e-trends that cross our transom now and again, this one is for real, baby!
I am the scholarship dude.