CEO of Netflix, Reed Hastings, put it simply when he famously proclaimed last year: “We expect DVD subscribers to decline every quarter… forever.”
Lonely Planet has moved quickly reassure staff and authors of its books that the sale of the business to NC2 Media will not result in any significant change in strategy.
Good ol’ Arthur Frommer, founder of Frommers Travel Guides and one of the first industry “bloggers” who still regularly shares his views on the state of the sector.
Tony Wheeler and his wife Maureen started Lonely Planet in 1972 and grew it to be the largest guidebook seller in the world and one of the most recognized brands in travel.
Professionally-written travel reviews are a turn-off for consumers, whose “everyman” instincts lead them to identify more strongly with the amateur approach.
Bad news for the web and digital folk at Lonely Planet with the team taking the brunt of widespread redundancies at the same time as the entire department heads north to London.
Whether you are in love with them or utterly indifferent, tablet devices such as the iPad are set to be a significant part of the hardware armoury for consumers in the coming years.