This Is How Wal-Mart Sees the Future
The rise of digital has been a bit like Godzilla doing indiscriminate damage simply by moving forward. Even when the monster means no harm, harm inevitably happens simply due to the size of the disturbance.
When the internet first rose to prominence it wasn't obvious that the music industry would be devastated then reborn in digital form. The same is true of the news business. Few, if any, newspaper publishers saw that people would get their information from social media and not print publications or even in many cases their digital counterparts.
What has been clear in both of those industries is that merely trying to catch up does not work. Chain record stores died because they tried to evolve rather than radically adapt to a world where access to nearly every song ever costs $9.99 a month. In newspapers, the old-school publishers who are succeeding are the ones who accept that how people consume news has changed while the ones still pouring resources into a once-a-day-publishing schedule are dead or dying.
Source: Fool.com