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Here are a few signs of our times and the disruptive
force of technology:
- The Rocky Mountain News has eliminated all
of its
financial listings, except for one page of
statistics, from its print edition. Readers must
now go online for their stock quotes, but they’ve
been migrating there, anyway. With the newspaper
industry trying to manage costs in the face of
declining circulation and advertising revenues, it’s
only a matter of time before other newspapers follow
suit.
- Konica Minolta, one of the best-known photography
companies, is exiting the camera and film
businesses, to focus on more promising products,
such as color copiers for offices, liquid-crystal
display materials, medical equipment, and optical
devices.
- Western Union sent its last telegram on January
27th after 150 years of being synonymous with that
form of communication. Far from dead, Western Union
transformed itself into a leader in the burgeoning
money-transfer business over many years. Money
transfer revenues surpassed telegram revenues in
1980 and now amount to nearly $5 billion
annually.
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