End for blog daily newspaper The Printed Blog
As newspapers continue to decline, the print industry is increasingly searching for alternative business models to ensure its future survival. The Chicago-based startup The Printed Blog recently learned the hard way that not all of the ideas and experiments developed in this regard yield the desired results.
At a time when newspapers are dying out, the print industry is increasingly looking for alternative business models to ensure its own survival in the future. The Chicago start-up company The Printed Blog recently had to painfully acknowledge that not all of the ideas and experiments put forward in this regard have brought the desired success. "We are trying to create the first printed daily newspaper that consists exclusively of blog entries and other user-generated content," Joshua Karp, founder and publisher of The Printed Blog, had declared full of confidence in January at the launch of the innovative project, according to Pressetext. Now, however, Karp has had to officially admit the failure of his ambitious experiment. The project initiator cites economic reasons as the main reason, which would have made it impossible to continue the blog newspaper.
"It is with great sadness that I have to announce that the Printed Blog must cease publication due to the lack of external investment funds," Karp writes in a blog entry on the project homepage. Despite significant personal investment and the additional use of six to seven credit cards, he was unable to raise the minimum amount of funds for the next stage of development. "Ultimately, the financial reality left us with no choice but to immediately suspend publication indefinitely," Karp explains. He was therefore unable to achieve his goal of creating a completely new form of news print product. "However, I am optimistic about the future and believe that the next few years will bring journalism one of the most exciting times ever. The industry is on the cusp of fundamental change," emphasizes Karp.
"It is with great sadness that I have to announce that the Printed Blog must cease publication due to the lack of external investment funds," Karp writes in a blog entry on the project homepage. Despite significant personal investment and the additional use of six to seven credit cards, he was unable to raise the minimum amount of funds for the next stage of development. "Ultimately, the financial reality left us with no choice but to immediately suspend publication indefinitely," Karp explains. He was therefore unable to achieve his goal of creating a completely new form of news print product. "However, I am optimistic about the future and believe that the next few years will bring journalism one of the most exciting times ever. The industry is on the cusp of fundamental change," emphasizes Karp.
