Gowers calls newspapers the equivalent of vinyl records in the future

LONDON - Andrew Gowers, former editor of the Financial Times, has spoken out for the first time since leaving the paper, calling print media 'the early 21st century equivalent of running a record company specialising in vinyl'.

Writing in the Evening Standard today, Gowers would not disclose what caused the rift with Pearson chief executive Dame Marjorie Scardino that resulted in him quitting last Thursday.

"Pearson and I are not commenting on what prompted us to part. I am focused on what comes next. And I have already all but decided, whatever it is, it will not involve ink printed on dead trees."

He goes on to say the future lies with the internet.

"Those newspapers that will survive will have to produce truly original content and translate it into the all-encompassing, all-singing, all-dancing new medium of the web," he said.

"FT.com is 10 years old this month, more people now access FT content online than have ever read it in print, and online advertising revenues have long since passed the threshold of significance."

Gowers went on to accuse "at least half of what used to be called Fleet St" about being in denial about the impact of the internet.

He also attacked News Corporation chairman Rupert Murdoch, who has been on a high-profile internet company acquistion trail, of "chucking good money after bad" on new colour presses and DVD giveaways.

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