Wednesday, June 06, 2007

What is killing journalism?

When discussing the problems with newspapers i think this post makes the most critical point we have to bear in mind:
Should Google Subsidize Journalism?

The newspaper business is based on monopoly control over the distribution of news and information in a given region. The Web destroyed those regional monopolies by making it cheap and easy to distribute any information anywhere in the world instantaneously. The car killed the horse and buggy industry. Digital cameras killed the film industry. Technology happens — but technology itself isn’t destroying journalism. It’s simply destroying the business that subsidized journalism.

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