One of the newest news sites has a novel business plan: it hopes to go out of business as soon as possible. Laura Rich and Sara Clemence, two former editors who were recently laid off from Condé Nast’s Portfolio and author and freelance writer Lynn Parramore are hoping to target and bring some positive news to victims of the economy with the launch Monday of a new and hopefully temporary news site called Recessionwire.com.
Like everyone else I’ve watched the print media world fall apart over the last few years. The poster child for that industry is the New York Times, of course, and their many missteps in recent memory have been well chronicled. In early 2008 Marc Andreessen started a New York Times Deathwatch, and the company’s financial performance has degraded since then. I keep wondering what would happen if the top 10% of the writers at the NYTimes just…walked out. I know it’s crazy, but let’s just explore this a bit for the heck of it.