WASHINGTON: President Barack Obama acknowledged the problems facing the US newspaper industry on Wednesday, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.
With the Internet dominant and print sales in decline, Obama said traditional media was grappling with a new reality and, much like the manufacturing and retail sectors, the old way of doing business was gone forever."People trying to get into the middle class are having a tougher and tougher time," Obama said.
With the Internet dominant and print sales in decline, Obama said traditional media was grappling with a new reality and, much like the manufacturing and retail sectors, the old way of doing business was gone forever."People trying to get into the middle class are having a tougher and tougher time," Obama said.