The story of the newspaper industry over the past decade offers lessons to other industries with products that no longer are the exclusive domain of a few players who control what they sell to the customer. For generations, colleges and universities operated like newspaper monopolies. Now, with some of the best college lectures on virtually any subject available on the Web for free, college courses taught by so-so professors to dozens of students stuffed into a lecture hall at no-name colleges have turned into a commodity. Many colleges face the same problem The Washington Post does, and of course, they charge thousands of dollars more for their product. The owners of The Post realized that they needed to get out of the commodity business and into the innovation business, and there was no better person to lead the newspaper through that transformation than Jeff Bezos.
Posted on: Wed, 07 Aug 2013 16:30:23 +0000
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