Tuesday, November 27, 2007

How much is news worth?

Yahoo news has a very interesting article up (part 1 of a 3 part series) that deals with the decline of print but the lack of a financially stable web.

Leaders of America's corporate mass media have embraced a financial model that relies upon a fatal internal conflict. The future of media, they believe, belongs to "consolidators" like the Drudge Report and Huffington, who pull together creative content--in these examples, news stories and opinion columns--they don't pay for. But who will write the stuff they steal--er, consolidate? (Full
Article)

Sure you can get your news from blogs that collect news stories (Like mine!) but there isn't any money being exchanged, most bloggers don't make a living writing blogs. I think the question to ponder is: How important is making money when it comes to reporting news? Perhaps it was the love of money that turned print and television news into the corporate sell outs that it has now become. Just some food for thought.

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