Sunday, February 8, 2009

A Bold, Old Idea for Saving Journalism

Walter Isaacson writes:

Newspapers now have more readers than ever. Their content, as well as that of news magazines and other producers of traditional journalism, is more popular than ever -- even among (in fact, especially among) young people.

The problem is that fewer of these consumers are paying. Instead, news organizations are merrily giving away their news for free. According to a Pew Research Center study, a tipping point occurred last month: more people in America got their news online for free than paid for it by buying newspapers and magazines. Who can blame them? Even an old print junky like myself has quit subscribing to the New York Times, because I read it online for free.

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