Posts filed under “Books”
Readers of the Big Picture have seen this argument phrased slightly differently: Its the shift from analog old media to digital new media.
But Chris gets it right, noting the following are "Flat to Way Down:"
- Music: sales last year were down
21% from their peak in 1999
- Television: network
TV’s audience share has fallen by a third since 1985
- Radio: listenership
is at a 27-year low
- Newspapers: circulation peaked in
1987, and the
decline is accelerating
- Magazines: total
circulation peaked in 2000 and is now back to 1994 levels
- Books: sales
growth is lagging the economy as whole
What’s up? Digital:
- Movies: 2004 was another record year, both for theaters and DVDs
- Videogames: even
in the last year of this generation of consoles, sales hit a new record
- Web: online ads will grow 30%
this year, breaking $10 billion (5.4% of all
Of all these industries which have seen their business models dmaaged by newer media, why are only one or two suing their clients?
This chart has been used primarily as an excuse for bad investment advice: Source: Marketwatch Why an excuse? It builds in an out for the advice giver: See, you just have to hold onto stocks long enough . . . then you will outperform other asset classes. Now all we need to do is figure…Read More