Jul
01
2009

Who Pays for Journalism in the Post-Print Era?

Crumbling corporate finance and the future of news

OWS first amendment savetheinternet

Newspapers are faltering. Their traditional economic base is continually being eroded by the Internet, and this trend will only increase with time. The lot of print newspapers is unlikely to improve, and the sooner journalists and those who care about the press accept this foregone conclusion, the better. Because there is a critical question confronting journalism: When the publishing giants fall, who will pay the reporters? Text-based journalism needs a new business model, one that supports public interest stories and maintains financial stability, without relying overwhelmingly on large-scale corporate advertising contracts. As recently noted by Nation columnist Eric Alterman (5/11/09): […]

Jul
01
2009

Before We 'Save' Journalism

The future of news reporting shouldn't reproduce its past

Time: How to Save Your Newspaper

One thing to keep in mind while worrying about the future of journalism is that its past hasn’t been all that great either. Journalism ought to be judged not on the profits it makes for stockholders but on the service it provides to democracy. By that measure, the reporting profession has been falling down on the job: Leading us into an aggressive war with evidence based on lies (FAIR Media Advisory, 3/19/07), overlooking an asset bubble whose predictable deflation devastated our economy (Extra!, 11-12/08), failing to raise alarms about the erosion of key civil liberties (Extra!, 5-6/08). And it’s not […]

Jun
01
2009

Fearing the Future

The corporate press makes the case for being saved

SIDEBARS: Proposed Cure: More of the Disease and Did Google Kill the Newspaper Star? Corporate media are in a state of severe business shock, it seems—layoffs at newspapers large and small, due to advertising revenue drying up and readers ceasing to pay for a printed copy of a newspaper that they can usually read for free online. The state of the press has generated an enormous amount of attention in the press itself, with journalists and pundits offering any number of plans to “save” dying newspapers. Congressional hearings on the state of the media suggest that lawmakers are worried about […]