Cock-eyed optimism spreads

April 10, 2007 by Jeff Jarvis
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The AP conducts a bunch of interviews with European media people and finds what I had found anecdotally: that all in all, they are more optimistic about — and, by inference, better prepared for — the future. More cock-eyed optimism. Note also that Le Monde says its online revenue pushed it to profitability “entirely thanks to online services making up for print losses.” (via Paid Content).

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  • http://ayalrosenthal.info Ayal Rosenthal

    There should be optimism in US jouralism because there can be a tremendous upswing once some structural reforms are put in place and the industry moves back towards reporting both at the community paper level and the city-wide/national, such as Chicago Sun-Times and NYT.

    The Europeans however should be scared. They have a demographic timebomb on their hands that while obviously impacting their social safety nets, will tremendously impact print readership. While I think and hope that print will go back to basics, it won’t become elitist. The revenue loss -if the drop is sudden and occurs before proper monetization of online content – can paralyze the national dailies, create merger opportunities in a battle of the least weak, and create a lot of uncertainty in the sector.