Monday, February 23, 2009

Wanted: Online Payment Plan for Print

It was as if the media woke up, saw its shadow and realized that the print world, including American capital-J journalism, is in mid-collapse. It's finally dawning that this isn't just about the economy, and it's not going to suddenly get better when the Dow finally starts chugging upward again.

Nope, this is about newspapers, and to some extent magazines, having their once-enviable franchises disintermediated by the web. Every publication now must compete with every other around the globe, many of which are willing to offer their content for free. They also face competition from thousands of aggregators, who take journalists' content, monetize it for their own profit, and, in many cases, give little or nothing back to its originators.

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