Could Obama save the newspaper industry? The November 5 editions of newspapers that proclaimed Obama's title as future president of the United States not only flew off the shelves, but some people were paying up to $400 for them.
Major newspapers sold out entirely, causing some really savvy folks to recognize the business opportunity. About 800 people quickly uploaded posts on eBay and began the auction for highest bid. The Washington Post "Obama Makes History" edition was going for $41, Chicago Tribune and Chicago Sun-Times were being sold in a combo pack for $50, while the The New York Times ended up being worth $400 to some folks.
"This kind of demand for our newspapers is unlike anything we've experienced in recent history," Tribune CEO Randy Michaels said.
"This is a clear demonstration that people continue turning to their local newspaper to help them understand and interpret the news of the day, and that is especially true when big events happen."
Makes you wonder how long it will be before they sell Obama newspaper pillows.
Newspaper have been on the decline for a while, and many people speculated that the end of print media could be near. Check out some more on that below.
What Makes This Trend Stand Out
- $400 Newspapers
- High Demand for Obama Victory Editions proves value in printed newspapers, creating opportunity for limited edition newspapers with unique content.
- Online Auctions for Printed Media
- The success of selling printed newspapers on eBay could lead to a new market for collectors and sellers of rare and limited edition newspapers.
- Relevance of Print Media in Digital Age
- The high demand for printed newspapers in the digital age demonstrates that print media still holds value and can offer a unique, tangible experience that digital media cannot replicate.
Sectors Adopting This
- Newspaper Industry
- Newspapers can create limited edition prints with unique content to attract collectors and create a new market for rare, valuable newspapers.
- Online Auction Industry
- Online auction platforms like eBay can expand their market by catering to collectors and sellers of rare and limited edition newspapers.
- Print Media Industry
- The success of printed newspapers in the digital age provides opportunities for print media companies to focus on creating unique, collectible editions that cannot be replicated online.
