This is no 'golden age' of journalism. These are the news media end times | Bob Garfield | Comment is free | guardian.co.uk:
"Here's all you need to know. Lucrative classified advertising has disappeared, thanks to Craigslist, and display advertising rates online are vanishingly low. That's thanks to the pesky law of supply and demand: there's an infinite amount of online content, and therefore an infinite amount of advertising inventory, and therefore prices are driven inexorably downward.
The resulting revenue can't sustain robust news organizations. The revenue can't even sustain feeble news organizations.
Which means a lot of smart, desperate people are smartly, desperately seeking cash elsewhere. To date, little good has come of this."
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