Internet news is the future - Obama

2013-08-01 09:32
Barack Obama (Picture: AP)

Barack Obama (Picture: AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

  • The Amateur
    A gripping read that reveals never before published details about the Obama administration's... Now R321.00
    buy now

Washington - US President Barack Obama acknowledged the problems facing the US newspaper industry on Wednesday, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.

With the internet dominant and print sales in decline, Obama said traditional media was grappling with a new reality and, much like the manufacturing and retail sectors, the old way of doing business was gone forever.

"People trying to get into the middle class are having a tougher and tougher time," Obama said.

"You see that in every profession. You see that in journalism. It used to be there were local newspapers everywhere.

"If you wanted to be a journalist, you could really make a good living working for your hometown paper.

"Now you have a few newspapers that make a profit because they're national brands, and journalists having to scramble to piece together a living, in some cases as freelancers and without the same benefits that they had in a regular job for a paper."

The US newspaper industry has suffered the same problems which have hit papers worldwide, notably falling sales and a collapse in advertising revenues due to the growth of online classified ads.

Several major metropolitan newspapers have closed their doors in recent years or ceased publishing print editions. Others have slashed editorial staff.

"What's true in journalism is true in manufacturing and is true in retail," Obama said. "What we have to recognise is that those old times aren't coming back."

Read more on:    barack obama  |  internet
NEXT ON NEWS24X

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 
Traffic
Lottery
 
  • Wednesday Cape Town - 18:43 PM
    Road name: M3 Southbound
    DELAYS approaching the Rhodes Avenue exit
  • Wednesday Bellville - 18:34 PM
    Road name: Strand Road Eastbound
    DELAYS between Old Paarl Road and the R300 Highway
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Huawei B683 21Mbps 3G Wireless Router

Huawei B683 21Mbps 3G Wireless Router The B683 wireless gateway (hereinafter...

From R1671.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may find yourself fascinated by something which could draw you in to obsessively exploring this subject in depth....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.