Buggy Whip Newsprint Maker Looks To Avoid Bankruptcy
from the it's-what-happens dept
It's common to point to "buggy whip" makers as an example of a business that was eventually (mostly) destroyed by a new technology -- though, to be fair, the buggy whip makers were secondary victims. It was the horse-carriage industry that was knocked out by automobiles. The buggy whips were a second order casualty. The same thing may now be happening with newsprint paper makers. While newspapers are struggling left and right, one of the major newsprint suppliers is now struggling to avoid bankruptcy as well.