Fortune’s Stanley Bing (also known as CBS’ Gil Schwartz) offers an antidote to a steady diet of doom-and-gloom forecasts: A laundry list of industries that people like us (Stanley/Gil calls them bullsh**ters) commonly declare to be doomed.
— The theatre
— Movies in movie houses
— Public schools
— Radio, because of satellite radio,
— Satellite radio, because of Internet radio and ITunes
— Broadcast television, because of cable and Internet video
— Cable television, because of satellite TV and Internet video
— Satellite television, because of digital television conversion and Internet video
— Internet video, because of digital television conversion and downloading
— DVDs, because of downloading
— Downloading, because of the ubiquity of broadband streaming
— Personal computers with hard drive capacity, due to cloud computing
— Land-line telephones, because they’re so 20th Century
— Any internet company that is not Google (GOOG), for obvious reasons
— Google, because, well, how long can they keep THIS up?
— Books, of course
— Magazines, except the ones that we’re on the cover of, and…
Stanley/Gil goes on to defend newspapers in particular, arguing that they’re useful and important and that the world will be a lousier place without them. We agree! But we still think they’re screwed: Not because they’re bad things run, owned or staffed by bad people, but because it’s going to be increasingly difficult for them to make a profit.
We accept his larger point: That some of us (guilty!) tend to be a bit hasty in declaring fairly big media business DOA, done in by digitization. Then again, it’s not like we’re making up the digital threat out of whole cloth: Just ask someone who works in the music business — if you can find someone who still works in the music business.
Business Insider Emails & Alerts
Site highlights each day to your inbox.