Former managing editor Paul Steiger writes a front-page column in Saturday’s Wall Street Journal where he reminisces about his career and examines the future of newspapers.
“Even as the good times rolled, two non-newspaper names kept coming up. I recall being stunned to learn that the main place where our own readers checked stock prices was the finance section of Yahoo. A couple of kids from Stanford had launched a search engine called Google. Already, many of my colleagues were using it.
“Less than six months later, the tech bubble began to deflate. Hundreds of dot-coms died, taking with them their ad budgets. But the Web industry pushed forward, and within a few years it shredded newspaper business models that had held sway for decades.”
Read more here.
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