John Naughton's talking sense about economics, news and the Web today in the Observer:
Things have got so bad that Rupert Murdoch has tasked a team with finding a way of charging for News Corp content. This is the "make the bastards pay" school of thought. Another group of fantasists speculate about ways of extorting money from Google, which they portray as a parasitic feeder on their hallowed produce. And recently a few desperadoes have made the pilgrimage to Capitol Hill seeking legislative assistance and/or federal bailouts for newspapers
Volume and diversity: the future's bright for news online
It's difficult to keep one's head when all about one people are losing theirs, but let us have a go. First of all, some historical perspective might help. When broadcast radio arrived in the US in the 1920s, nobody could figure out a business model for it. How could one generate revenue from something that could be listened to by anyone for free? Dozens of companies were founded to exploit the new medium, and most of them folded. The problem was solved by a detergent manufacturer named Procter & Gamble, which came up with the idea of sponsoring dramatic serials: the soap opera - and the mass market - was born.
The moral is simple: eventually someone will figure out a business model that works for online news. But it may take some time, and lots of outfits will fall by the wayside in the meantime. That's capitalism for you.
The whole magic community mourns the passing of Eugene Burger, at age 78. One of the most influential magicians of the 20th century, as well as an exceptional human being, he will be sorely missed by a vast network of loving friends, students and fans all the world over. The impact of Eugene’s contribution to […]
Back in 2011, The New York Review of Books inducted Daniel Pinkwater’s classic Lizard Music into its canon with a handsome little hardcover edition; today they follow that up with a stylish, jazzy paperback, priced to move at $10.
My Walkaway book-tour is basically over, but I’m taking a little victory lap tonight at my local library, the Buena Vista Branch of the Burbank Public Library. Hope to see you there!
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