Are Newspapers Destined for Kindling?
By Tim Beyers May 4, 2009
TheMotleyFool.com
Amazon has remained a force to be reckoned with during these economic hard times. While businesses are folding left and right the online retailer continues to see stock prices rise. Amazon’s stocks have risen by fifty percent since January. With the recent hard times that the newspaper has been enduring, Amazon CEO Jeff Bezos, thinks he may have the answer to the newspaper industry’s problem, the Kindle. The daily newspaper would be electronically sent to the Kindle, and read from there. But Amazon will soon have competition with the Kindle from Apple. Apple plans to introduce a “tablet Mac that would, among other things, have a built-in e-reader similar to what the Kindle offers.”…. “A glossy screen, stylish graphics, and ,….handwriting recognition a la the cultish Newton personal digital assistant.”
Either way I think the new technology will be welcomed in the newspaper industry. It may help keep more newspapers afloat and is environmentally friendly, seeing as it uses no paper.
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