Don’t Get Distracted from the Existential Problem In 1998 when I first began questioning if the Mass Media industries would have a future, the senior vice president of marketing at largest daily newspaper in Texas tried to reassure me, “People have been using newspapers for centuries, so we expect they will for centuries more.” What immediately crossed my mind was that horses had been a prime means of transportation for millennia, so people living 100 years ago probably thought this meant that horses would still be a prime means of transportation in future centuries, too. How wrong they were! Within 30 years of 1898, horses had disappeared as a prime means of transportation in most developed nations. Not just in Texas! Last week in this newsletter’s first edition, I stated that its focus is the existential threat now confronting the Mass Media industries as the Industrial Era wanes and the Informational Era dawns. What is this threat? Is it truly existential? Or am I being over-dramatic or otherwise hyperbolic? No, I can justify what I here state. Twenty years ago, the Mass Media industries was riding high. Many of those industries announced recorded earnings during the first half-decade of the new millennium. Although the ‘Great Recession’ then struck, those industries reasonably expected to restore and resume those record earnings soon afterward. However, that didn’t happen. Since 2007, almost all sectors of the Mass Media industries have seen plummeting audiences (i.e,. readership, listenership, or viewership); advertising clienteles; and gross revenues (turnover) when such numbers are adjusted for population growth or inflation. Some of the declines have been spectacular, an example of which I’ll describe below and in subsequent newsletters. Starting next week, I’ll likewise write about he categorical reasons for these declines. However, in this second edition of the Digital Deliverance newsletters, let’s focus on the proximate reason why the Mass Media industries are not only in rapid decline but actually in danger of extinction, a tangible problem already creating troubling societal effects. What is this existential threat? Some myopic pundits call it the ‘Missing Business Model’ problem. During the past 30 years, literally billions of consumers worldwide have begun using personal computer-mediated technologies, rather than printed products or broadcast services, as their primary means of obtaining news, entertainment, and other information. Yet during that time, the Mass Media industries unfortunately haven’t been unable to devise a business model or models […]