She's not exactly one of my favorite people, but I think she completely nailed 
it on this issue.

http://www.huffingtonpost.com/arianna-huffington/journalism-2009-desperate_b_374642.html?view=print

Thoughtful, balanced, and snarky, all at the same time. :-)

The whole article is worth a read, but here's some choice bits below. 


-- Ernie P.


> Let's be honest, while promiscuity is not good in relationships, it's great 
> for those looking for news and information. Trying to deny news consumers as 
> wide a range of options and viewpoints as possible seems shortsighted -- and 
> ultimately self-defeating. This is a Golden Age for news consumers who can 
> surf the net, use search engines, access the best stories from around the 
> world, and be able to comment, interact, and form communities. The value of 
> having the world of information at your fingertips is beyond dispute.

> So it's time for traditional media companies to stop whining and face the 
> fact that far too many of them, lulled by a lack of competition and years of 
> pretax profits of 20 percent or more, put cash flow above journalism and 
> badly misread the web when it arrived on the scene. The focus was on 
> consolidation, cost-cutting, and pleasing Wall Street -- not modernization 
> and pleasing their readers.
> 
> They were asleep at the wheel, missed the writing on the wall, let the train 
> leave the station, let the ship sail -- pick your metaphor -- and quickly 
> found themselves on the wrong side of the disruptive innovation the Internet 
> and new media represent. And now they want to call timeout, ask for a 
> do-over, start changing the rules, lobby the government to bail them out, and 
> attack the new media for being... well, new. And different. And 
> transformational. Suddenly it's all about thievery and parasites and 
> intestines.

> Free content is not without problems. But it's here to stay, and publishers 
> need to come to terms with that and figure out how to make it work for them.
> 
> And all across the country, passionate entrepreneurs are doing just that, 
> experimenting with new and creative revenue models. TechDirt.com is 
> monetizing its engaged and highly informed community by turning them into 
> focus-groups-for-hire. ProPublica is using a not-for-profit model to produce 
> impact investigative journalism. And there are many different powerful local 
> journalism models, including Voice of San Diego, which supports its 
> award-winning local journalism with a combination of advertising and public 
> radio-style contributions from foundations and users.

> As much as I love newspapers -- and fully expect them to survive -- the 
> future of journalism is not dependent on the future of newspapers. Indeed, 
> the future of journalism is to be found, at least partly, in the rapidly 
> growing number of people who connect with the news in a whole new way.
> 
> At the Huffington Post, and at the Huffington Post Investigative Fund, we 
> deeply value the role of professional reporters and editors, and have dozens 
> of them on payroll. And we think the value of editors will only increase as 
> the constant stream of information coming at us continues to swell -- making 
> trusted guides and curators more and more essential to keeping us from being 
> swept away.
> 
> But there is no denying that thousands and thousands of other people want in 
> on the process and have much to contribute to it. And that number will only 
> continue to grow. To deride the value of their contributions is to completely 
> misunderstand the world we live in.
> 
> And the sooner we all embrace that world, the sooner we'll be able to stop 
> the name calling, put aside the increasingly desperate metaphors and 
> increasingly desperate revenue models, and focus on what really matters: 
> ensuring that in the future, journalism will not only survive, but be 
> strengthened and thrive.


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