You Are Obsolete
I have come to the conclusion that after much reflection and internal debating, that the WSJ is fundamentally and wholly obsolete. Like that Twilight Zone episode where a librarian was deemed obsolete, so too is the WSJ. Especially for those of us who work in S&T, the WSJ has been completely corrupted.
In the old days of Bud Fox, before corporate subscriber services, the WSJ was anything but an antique. Today, with technology being so developed, it's already a day behind. A fellow college alumnus who also works in trading confirmed that its already old so why should he subscribe?
It was fun while it lasted. For nostalgic reasons, I will miss that old rag, but it just isn't worth it. They better come up with a solution fast and advertising on CNBC isn't enough. People know when you're trying to sell them fish wrap.
how else will i procrastinate while looking like i'm doing research
They are trying to make a push into online. More of their free online content can only be viewed with subscriptions. But ya paper publishing is going down the shitter. Just check TimeWaner and NewsCorp publishing business. SI Swimsuit edition proli keeping TimeWarners publishing business afloat.
What is replacing it in your mind?
Everything else that is more up-to-date: subscriber services (corporate), Bloomberg, etc.
I don't use print news anymore but I am an avid proponent of web-based newspapers. The FT in particular is fantastic, especially on an iPad.
Journalism and news companies need to: a) Move to web-based services and focus them on portable devices (read - tablets) b) Drop the prices! Considering the vast amount of free news services with unlimited access (Twitter, Bloomberg / Reuters web page, Twitter) there is no justification for paying $500 a year upwards for access to a newspaper. Charge me $5 a week for unlimited digital-only access and I am yours forever.
FT is fantastic as well, but I think it's still too expensive.
Despite all the proclamations of impending doom for the print news sector, in absolute terms printed media is seeing an increase in subscribers. Printed media has obviously lost the breaking news space to online outlets, but there is still a market for more in-depth coverage. Many people prefer the printed version of that coverage to the online.
Yes, but probably more so for trend-style papers like Barron's, which has some serious info in it. Not necessarily the dailies like WSJ. Trust me on this.
FT & Economist works for me in terms of business news and current events. Very mainstream, but not as ideologically influenced as WSJ. I'm not in trading so I don't need the constant stream of news/sentiment, but it is important that the news I do get is somewhat reality based and fact checked. The WSJ is a bit too Fox/Sky news for me under its current ownership and I can only see it getting worse.
Unrelated to investment/finance, I think that the demise of newspapers is pretty dangerous for society. I say this not out of some sentimental attachment to paper, but because newspapers are one of the few places that you can still get accessible reality/fact based content on current events without having to do primary research. New media and infotainment like Fox News/twitter/blogs can't give you this as they are much more emotion or advertising based.
Why would the demise of print be bad if you can get the same depth that you mention on Bloomberg?
Another, somewhat related point, is that I find that with online content, some sites can have opinion/editorials masquerading as news.
Don't get me wrong. I don't think one can turn back technology, but i think that its important to retain certain good qualities from old media, like fact checking, clear difference between editorials/news, etc...
I'd love for TNA to chime in.
WSJ has some really wacky Op-Eds though. The FT seems so much saner.
This is true. For an academic read that doesn't tolerate stupidity, go with the FT.
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