Pearlstine’s daily fix –

May 7, 2008

newspapers.jpgWhat makes Norman Pearlstine cranky? Not getting his daily fix of media website

The Carlyle Group advisor and former Time Inc. editor-in-chief, was lobbed a question about what he feels crucial to read every day,  after speaking at the Argyle Executive Forum Leadership in Media conference in New York.

“I must say that the one thing I’ve got very cranky if I don’t get is Rafat Ali’s,” Pearlstine said, referring to the website started by Ali in 2002. “I think he does, with a relatively small staff, a remarkable job of pulling together coverage of what’s going on in new media and a fair amount of traditional media. If there’s one thing every day I look for that’s it.”  

That doesn’t mean newspapers are done for though – although they won’t generate the margins they used to before the rise of the Internet, Pearlstine said during the conference.

“With the very quick development of the Net, newspaper margins really just went south very quickly,” he said. “They remain viable businesses, they remain capable of generating consistent cashflow, but they are not going to have the kinds of margins again that they’ve had in the past. ”

Presumably that’s because Pearlstine can’t take his eyes off paidContent…

(Photo: Reuters)

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