Too bad Next is exiting the arena.

So much said but the fact is they have folded up.

I subscribe to their publications too and will surely miss them especially E'lan.
This is simply a message to us entrepreneurs that: We must always safeguard our businesses so that at the oiutcome of any eventuality, we can implement 'Plan B', or have something to fall back on. For them, they've resolved to be only online which is not bad.

Let's rather discuss the most recent idea that turned in more profits than celebrate the misfortune of another.

What do you think?

i do not subscribe to the idea that NEXT failed because they were anti-govt.
while i know that pro-govt publications make it more easily, there are also examples of anti-govt publications making it (SUN and Business Day).
I think the problem with Thisday was the source of their funding.
I hear it was mostly bank loans.
You can't run a newspaper with bank loans in naija.
the size of overhead makes it difficlut to break even in the short term when you factor in loan repayment.
It is not a coincidence that most papers in Nigeria are owned by rich politicians who not only have deep pockets but derive political mileage that can not be easily quantified from the papers.

Another issue was there inability to diversify streams of income.something Businessday have suceeded in doing.
publications, special reports, conferences etc.

i love reading next online even if they write rubbish sometimes. when they where being controversial, they forget a gallon of diesel is expensive.
too bad, they should have been neutral and chased their cause in a more subtle manner.

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