Newspaper Economics

Via the Economist blog ... which clips Surowiecki.  Good debate.  Economist comments:

Does this mean that news, as a business, is dead? Not necessarily. Some papers will survive by selling things other than news—reputation, say, or exclusivity. Others will hang on until the print market shrinks enough that profitability is possible for a handful (or fewer) of national papers. Survivors in both groups are also likely to capitalise on the demand for news products that remain scarce—especially investigative reporting.

So, in the future, people will pay for information. A lot will be free, or national in scope so that large volume supports ad-based revenues. But people will pay for details on things they care most about. Hmmm. Sounds like a disaggregating market for information. Everyone a consumer, almost everyone a producer? Echoes of Neal Stephenson's "stringers" in Snowcrash.

Comments

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Mark Fletcher