Will Facebook's "Paper" Replace the Morning Newspaper? – January 2014 M&A Activity
Printers and publishers can’t seem to get a break, or at least not the respect that is deserved by industries that have for centuries been the core transmitters of knowledge and political freedom. (I know – that’s a bit heavy, but it’s true). Facebook has announced that its latest smartphone app which is designed to personalize and replace our newspapers is named “Paper.” The app offers news feeds curated by real live human editors, divided into “sections” such as sports and food, just like a real printed newspaper. Facebook obviously chose to name its new app “Paper” to impart the credibility we accord our printed news media. Should printers and publishers be flattered by the name or upset that the next generation will reach for their smartphone to read the morning “paper”?