After 16 issues, The Printed Blog is no more.
The startup national newspaper — based on the premise of printing prominent blogs from cities in San Francisco, Chicago and other metropolitans — has folded due to a lack of outside investment, according to a blog post by the company’s owner and publisher Joshua Karp.
Despite a significant personal investment on my part, and the additional support of six or seven credit cards, we were unable to raise the minimum amount of money required to reach the next stage of our development. This was a difficult decision for us, but the financial reality of the situation demanded that we suspend further publication immediately, and indefinitely.
Last year, I had an idea. I wondered what would happen if some of the business model principles that work online were applied to the troubled newspaper industry. The more I thought about it, the more the curiosity got to me. So I registered a domain name, developed an action plan, and started the process of building a new kind of newsprint publication.
Everyone said I was nuts, but I did it anyway.
16 issues, 80,000 print copies distributed, another 100,000 or so copies downloaded, and countless new friends, fans, and collaborators all around the world later, I may still be nuts, but I have zero regrets.
Editor & Publisher wrote about the closing here.
I find this particular failure interesting because of the possibilities of the endeavor, which were touted by the New York Times and E&P, as well as what it means for local Jeff Pelline, the former editor of my newspaper who had been working on the project. Surely we’ll be expecting an announcement from his blog about why things didn’t work out.
Meanwhile, the journalism industry will continue to search for new revenue streams that are sustainable on their own merit.