Oh, you gotta kill the print edition
Marc Andreessen on Charlie Rose:
Marc: Oh, you gotta kill the print edition. You gotta kill it
Charlie: You’d stop the presses tomorrow?
MA: You have to kill it
CR: Stop the presses tomorrow?
MA: You have to kill it
CR: Stop the presses tomorrow?
MA: (laughing) Stop the presses tomorrow, if that’s how you want it. The stocks should go up. Look at what’s happened to the stocks. The investors are through this – the investors are through the transition. You talk to any smart investor who controls any amount of money, he will tell you that the game is up. Like, it’s completely over. And so, investors have completely written off the print operations. There is no value in these stock prices at all attributable to print anymore at all. It’s gone.
CR: So, you’d recommend to the owndes of the New York Times, stop… printing … paper.
MA: Oh Yeah! Absolutely. You have to. You have to jump
CR: And take your losses like a courageous person.
MA: You have to. Well, so… Chronic pain / acute pain. How many years of … music industry; the same… how many years of chronic pain to you want to take to avoid a year of acute pain?
Watch the full interview, or scrub over to 29:00 to see his comments on news and newspapers.
Marc Andreessen is known as an entrepreneur, investor, startup coach, blogger, and a multi-millionaire software engineer best known as co-author of Mosaic, and founder of Netscape Communications Corporation. He was the chair of Opsware, a software company he founded originally as Loudcloud, when it was acquired by Hewlett-Packard. He is also a co-founder of Ning.
