No, that's has nothing to do with what sank newspapers, and it's not even true.
Talking Points Memo is not going to be helping me understand the potential impact of the wind farm they're building in the next town, or whether my town is improperly engaging in eminent domain land-grabs, or who I should vote for if I don't want casino gambling.
If you had to drop .50 in the internet coin-slot every day to make it run, would you?
One misstep [Phil] Bronstein can pinpoint was what happened in the mid-1990s when he arranged a meeting between the [San Francisco] Examiner's tech department and a Bay Area computer whiz in his early 40s named Craig Newmark, who was brimming with ideas about the ways online media would transform traditional advertising models.
The tech department ultimately shrugged Mr. Newmark off, figuring it could do better itself. That spurned geek went on to create Craigslist, which would suck away one of newspapers' steadiest sources of income. It's a glaring example of how the industry has stumbled in the Internet age.
"They were like, 'Nah, we're going to kick his ass,'" Mr. Bronstein recalled. "Well guess what? A hundred million dollars later, we didn't."
Any institution acting as a conduit will always be replaced by a more efficient conduit.
The world is not currently lacking for sports coverage. Nor is there some kind of critical shortfall in people offering opinions about politics. Business reporting actually seems to have a viable economic model behind it. Similarly, lifestyle journalism continues to be viable in a number of formats. ...
[A] newspaper is a gigantic bundle of paper covering miscellaneous topics. The rationale for lumping all those topics into a single geographically-bound institution has to do with the economic logic of printing and distributing bundles of paper, and very little to do with the economic logic of producing and disseminating a digital media product.
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