JacoBlog reader Bruce Barber drove me to Seth Godin's blog about what The New York Times coulda shoulda woulda done to save itself from becoming downsized and obsolete. It's a great read that says a lot about the Times…and about radio, and about other businesses that are trying to make the transition.
I am reminded of that silent movie image where the stuntman has one foot on one biplane and the other foot on a second biplane. It is not easy to move from the old business model to a new one. Clearly, the CEOs of the Detroit 3 demonstrated that last week. Perhaps Congress making them write a term paper ("How we plan to use the money to reinvent our companies") will contain some forward-thinking ideas. Maybe they should read Seth's blog.
Hope you enjoy it.
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Dan Kelley says
A belated observation: it would appear that the CEOs of the Big 3 need some show-business coaching, along with learning the realities of the present-day media environment.
Think morning air talent sleeping in a cardboard box in the cold for a few nights raising money for the homeless. Done from a plush, warm environment makes the plead far less effective.
I’m hoping, for the sake of our state, that they’ve learned a few lessons before their next trip to Washington!