[antisthenes]

Right. The issue is twofold - in the internet era, the marginal utility of any additional news source is near zero.

Sure, you might cross-check an article once in a blue moon, but most people consume news through a link that was sent to them by someone inside their bubble. And once they read the headline, there's 0 reason to click to another link with the same story ever again. So the links might as well be hosted in one place, say NY times or CNN. It doesn't really matter where.

The second part of the issue is that the barrier to entry into modern "journalism" evaporated with the advent of social media. You no longer need to own a printing press, or self-host a blogging platform even.

Have a twitter account? You're a journalist! Have a twitter bot that follows a bunch of local news sources? You're a newspaper! No longer do you need to own a printing press or an editorial staff. Want an "Opinion Section"? Tweet something that sparks outrage and watch angry replies pour in!

The only remaining barrier to entry is high-end investigative journalism-whistleblowing. And that's always been a tiny niche and hard to monetize.

[0898]

The barrier to entry into modern "journalism" evaporated with the internet. All Matt Drudge did was post links to other people's stories.

[chrisrogers]

Don't forget the far more common access barrier. The White House press room and its analogues only hold so many people.

[Joakal]

There needs to be a politician-journalist. Elected in second place who:

- Keeps the 1st place winner on their toes

- Reports to the losing voters

- Can do local news

- Can talk to people

Otherwise, all those hopeful candidates go back to focusing on their living and leaving those "losing" voters without any representation (seriously, how can there be no representation for the leftover votes and assuming they're not rich).

[jeffe]

The New Yorker has always had high quality investigative journalism (albeit with varying levels of left leaning bias depending on the writer) in my opinion, and seems to be quite doing quite well.