SmartMoney.com has a good story on the effects of Craigslist on newspaper companies: It competes with newspapers essentially by not competing. Why would customers pay if they don’t have to?
Like everyone else in the industry, the story is conflicted: “I think it’s really too early to say that Craigslist is the model to be emulated, or that it’s really the clear winner,” says Rick Summers, a technology analyst at Morningstar. “On the other hand, they’re amazingly successful, depending on how you determine their measure of success.”
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