David Carr does a great job of arguing in today's NYT's that we've got to un-cuff the newspaper biz and allow it to fight for its life.
Here's the best quote in the article, from newspaper analyst John Morton:
“Only newspapers are economically organized to cover a broad swath of events,” he said. “A lot of aggregators have been taking advantage of that, and pretty so
on, there will be nothing to aggregate. But that can’t really be discussed among newspaper owners because of antitrust problems.”
And here's the heart of the newspaper-crash dilemma, as stated by Carr:
Whatever the solution, the capacity to produce accountability reporting, investigative journalism and robust coverage of public officials is not sustainable under current revenue models.
Whoever creates a system for using online tokens to make micro-payments for access to web articles is going to make a lot of money, and perhaps save the newspaper industry.
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