Thursday, October 22, 2009

Can We Please Stop Whining About The Death Of Journalism Already?

Henry Blodget writes:

The Internet is doing to the news business the same thing it has done to dozens of other industries: disrupting it. Specifically, it is taking an old, inefficient system and making it much faster and more efficient. It is also eliminating enormous overcapacity in the news business (yes, overcapacity--society doesn't need hundreds of White House reporters). As always, this disruption is painful, but it's not necessarily bad. In fact, as far as a lot of people are concerned, it's better.

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