Time has a nice piece about how to fund print journalism. With journalism being an interesting topic for journalists, I’m sure you’ve at least seen a few items on catastrophic failure of print media and how no one can afford bureaus that can adequately cover the news. I mean the Chronicle might be loosing a million dollars a week, and it’s the only game in town, as far as SF proper.
I’ve heard people say the Goog might feel charitable and buy a paper (Google’s not a charity and a newspaper isn’t a way to make money), or we should let papers fail and have everyone get their news from bloggers…
A real solution hasn’t come out of any of this brainstorming, but Time gets close. Internet ad revenue is falling. It really wasn’t paying the bills anyways. The only real solution might be for there to be an iTunes News.
The article points out that even as the audiences are growing, the papers are still bleeding money. The news is still considered valuable, but now we’re used to getting it for free. Many of the new readers are young, and have grown up with free access to information.
Micropayments seem to be one of the few viable solutions, but who’s to stop me from going to download today’s paper illegally. I mean, it’ll take seconds. Its not an HD rip of Garfield: A Tail of Two Kitties or anything. iTunes did get people to pay for music downloads, but as far as I know, it was people who didn’t know how to use Napster in the first place. This will be a hard paradigm to shift.
Well, all that ranting and no solutions from me either. Man, I need to get a job.