NYT's David Carr on the changing news biz, as witnessed from Manhattan: "[A] life of occasional excess and prerogative has been replaced by a drum beat of goodbye speeches with sheet cakes and cheap sparkling wine. It's a wan reminder that all reigns are temporary, that the court of self-appointed media royalty was serving at the pleasure of an advertising economy that itself was built on inefficiency and excess. Google fixed that."
David Carr on the changing news biz: "all reigns are temporary"
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Anyone who attended an "Allied Signal/King Pirate Party" knows about an industry built on inefficiency and excess. The '80s didn't last and by the end of the '90s, their lunch was being eaten by a tighter ship known as Garmin. Somewhere in that mix, the King Avionics division was sold to Honeywell, who might actually be trying to modernize to compete with Garmin but still may not win back marketshare.
While this observation has nothing to do with the News Business, the underlying causes for loss of marketshare were the same.