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by flukus
2768 days ago
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> Local news organizations have always been required to maintain two competencies - advertising and journalism. This predates Google News, Google, and indeed the internet. 3. Distribution. News organisations like the music industry before them need to realize that a huge part of what people used to pay them for was the reliable distribution of their product. This and the markup on it was where they made their profits and now its gone. |
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A viable, independent media is vital to a well-functioning democracy. I just realized that the implication decision behind of all this talk (about how the new media need to find a viable business model) is that our system of government shouldn't stand unless some of its vital organs are profitable in a dog-eat-dog capitalist system. Capitalism is given a higher priority than democracy.