“The business model is not working today,” she said. “So without some changes, it won’t work tomorrow.”
“The problem is that news photography is finished,” Ms. Riant said. “Gamma wants to go back to magazines and newsmagazines. We will stop covering daily news events to more deeply cover issues.”
The print world is changing dramatically, possibly dying, but something will come out of all of this. Crisis breeds opportunity. The first person to figure it all out will do very well.