“While print is obviously challenged right now, it can still support a cost structure for things ranging from investigative journalism to high-end fashion photography that is totally out of reach for any online enterprise. And there is still demand: people don’t want to read anything long on the Internet, and photography doesn’t offer the same payoff on the screen as on the page. The Internet is for: immediacy, reference, and social interaction, but it cannot duplicate the user experience print provides.”

Six Degrees of Peter Feld - Calling BS on this

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