Image via CrunchBase
by MG Siegler on May 4, 2009
New reports have several companies on the verge of releasing large screen electronic readers designed specifically for reading newspaper content. The first such product may be unveiled as soon as this week — a large screen version of Amazon’s Kindle, which we first reported on last year. This is setting up a lot like the newspaper industry’s Hail Mary. And it’s a pass they won’t catch.
The industry has been hit worse than anyone else by the ad spending slow down in our current recession. Almost all of the major newspaper companies are bleeding, and this week The New York Times Company may have to close the Boston Globe — a huge metropolitan newspaper. It’s sad. Some of the best journalistic work throughout this country’s history has been done through newspapers. But if these companies really are putting their faith in a large screen Kindle to save them, it may be time to start mourning them for real.