Thursday, January 24, 2008

If “Real Journalism” Fails As A Business, Should Government Step In?

The chart to the right, which shows the stock price of the New York Times Company over the last five years, is somewhat representative of the state of print journalism in general. They’re getting their lunch eaten on the revenue end by Craigslist and (to a lesser extent) on the page view end by blogs and other alternative news sources.

When the business model of “real journalism” fails, what should society do in response? When things are considered important, but can’t be supported with a business model, government sometimes steps in. National parks, highways, police and national defense are all examples. Should print journalism be next? [Click for MORE]

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