TMZ founder: Publishers must kill print business to survive

TMZ founder Harvey Levin says newspapers and magazines should get out of the print business if they want to survive. “What is the magic of holding a piece of paper in the air when you read? You [in the news media] think you have to preserve this? Why?”

“Young people aren’t interested in the traditional media,” he told the National Press Club. “It doesn’t speak to them.”

The Washington Post’s Paul Farhi adds:

While that’s hardly a blinding insight, Levin says the future of news is on the Web, where journalism and information are more timely, more involving, more multimedia. Traditional journalists should throw off their tired old media, embrace the Web, and not worry so much that the speed and round-the-clock demands of the Internet will compromise traditional values, like accuracy, he said.