Has anybody noticed that a couple of papers have very quietly increased their news-stand prices over the past few days? The cost of newsprint is beginning to hit home hard, particularly with salary budgets for editorial being massively overshot (primarily because they were unreasonably low in the first place). Anyway, on the gossip front the latest concerns Outlook Group, and the gist of the story goes that the group is up for saleand that the old, bespectacled man who runs the place wants to go and start something new all over again. Yawn!
Anyway, Mint and CNBC-TV18's coverage of the global meltdown yesterday was far superior to that of the competition simply because they happened to have the 'alliances' in place. I think CNBC-TV18 did the smartest thing by switching over to US markets coverage instead of boring the world with their evening schedule and Mint's coverage today was brilliant. Though, I do think that it was a particularly unfortunate day for Morgan Stanley to place a front-page advert in both ET and Mint. Though, personally, my favourite story in Mint today was buried deep inside. Great feature and with the general interest news-magazines obsessed with Bollywood and Lifestyle, I guess the papers will take over the highly readable social interest features space.
I don't know why, but Mint is slowly becoming great lazy afternoon reading - still doesn't quite fit into the essential morning read category for me, but definately a paper to chew over - and it freshens your breath as well.
As for the comment that seeing pictures of death and devastation will help us grow balls, I don't think so. Here is the problem, thanks to mass media pictures of death and devastation has made many of us immune to pictures of suffering, we all live with thirty-second attention spans. Heck, I don't know what I started writing this post on - "Oh shit, people dead... Damn Liverpool is winning over Man U... She slept with whom?" Those are our lives, we mourn if we have to mourn, but the rest of the world carries on.
I just think that some channels went overboard on Saturday, they added to the panic and confusion - created scrums at Hospitals blocking entrances for medical personnel and blast victims and generally were a nuisance. Maybe something good will happen out of the market meltdown, meybe some investors will start pulling out - maybe we'll see 400 channels instead of 500.