“Part of the problem, he said, is a belief in some circles that old-line technology companies are ‘doomed,'” McBride reports. “But Andreessen pointed to Apple Inc as a company that many people had written off but which managed to pull off a stunning turnaround in the early 2000s.”
McBride reports, “In response to a question from the audience, Andreessen said the New York Times Co should shut down the print edition of its namesake newspaper ‘as soon as possible.’ While the newspaper’s potential audience is growing quickly due to factors such as the global rise of the middle class, he said the company should focus entirely on its digital offering. ‘It’s not that you can’t make money in print newspapers,’ he said. ‘It’s not that there aren’t people who love them.’ But successfully dealing with transformative technology requires going “‘on 100 percent offense,”‘ he said.”
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