asterisk2a + payment + journalism   9

The Media Equation - What Would It Take to Support a Newsroom? - NYTimes.com
“Fewer journalists are reporting less news in fewer pages, and the hegemony that near-monopoly metropolitan newspapers enjoyed during the last third of the 20th century, even as their primary audience eroded, is ending.”

In other words, the current advertising model won’t continue to support so-called accountability journalism.
“And the Internet philosophers who suggest that individuals posting on the Web are going to replace what newsrooms have been doing are not being realistic. We have to find new ways to maintain professional news-gathering capacity.”
“The money is there, but a lot of it gets sunk into facilities and programming to drive membership, and it needs to be reallocated to reflect the need for local coverage,” Mr. Downie said. “And it has to be mandated because this is a time of crisis and we can’t just depend on good intentions.”
journalism  advertising  change  business  model  payment  micropayment  report  non-profit 
october 2009 by asterisk2a
Op-Ed Contributor - News You Can Endow - NYTimes.com
Today, we are dangerously close to having a government without newspapers. American newspapers shoulder the burden of considerable indebtedness with little cash on hand, as their profit margins have diminished or disappeared. Readers turn increasingly to the Internet for information — even though the Internet has the potential to be, in the words of the chief executive of Google, Eric Schmidt, “a cesspool” of false information. If Jefferson was right that a well-informed citizenry is the foundation of our democracy, then newspapers must be saved.

Although the problems that the newspaper industry faces are well known, no one has offered a satisfactory solution. But there is an option that might not only save newspapers but also make them stronger: Turn them into nonprofit, endowed institutions — like colleges and universities. Endowments would enhance newspapers’ autonomy while shielding them from the economic forces that are now tearing them down.
non-profit  journalism  newspapers  economics  business  model  businessmodel  payment  payments  micropayment  davidswensen  micropayments 
october 2009 by asterisk2a
Nonprofit Newspapers: Think Tank : The New Yorker
Nonprofit Newspapers

In the foreseeable future, it seems, there will be two kinds of nonprofit newspapers—those which are deliberately so and those which are reluctantly so. Ever since I left the Washington Post, in 2005—after twenty years there that included a stint in management—and particularly since I joined the nonprofit world at the New America Foundation and started learning about the management and fund-raising issues at tax-exempt organizations, I have been mulling over this idea: that only by turning the Post into a nonprofit trust and raising a university-size endowment to support the newsroom could the paper retain the vitality it requires to serve as a successful watchdog over our constitutional system. Now David Swensen, the chief investment officer at Yale, and Michael Schmidt, a financial analyst, have come forward with a similar argument.
journalism  newspapers  nonprofit  non-profit  newspaper  business  model  businessmodel  economy  finance  payment  payments  micropayment  micropayments 
october 2009 by asterisk2a
Economist introduces pay-wall for archive articles | Media | guardian.co.uk
WSJ - Wall Street Journal
The Times and Sunday Times (all three run by News Corp / Rupert Murdoch)
FT - Financial Times
Economist (both have same shareholder)
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Who is next with a paywall?
paywall  journalism  newspaper  media  payment  payments  micropayments  micropayment  rupertmurdoch 
october 2009 by asterisk2a

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