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I agree that journalism (particularly mass media which followed the invention of rail transportation) has been compromised by advertising. However, I'm not quit

I agree that journalism (particularly mass media which followed the invention of rail transportation) has been compromised by advertising. However, I'm not quite certain that subscriptions freed newspapers from advertising since subscriptions alone cannot cover the costs of running a newspaper. Furthermore, the problem with advertising isn't just how tighly linked to newspaper sales it is, but how it can constrain what's written in newspapers for fear of having clients pull advertising from the newspaper. So subscriptions may reduce the dependence on advertising and offer more freedom to journalists, but not entirely. Also, the danger of subscriptions is that we can only pay for so many and this limitation can constrain the number of sources we can draw from. The challenges facing newspapers are complex. A general comment: while it is important to draw attention to the perverse incentives journalism is subject to, it is also important not to fall prey to the fallacy that people must act according to perverse incentives. Nothing justifies publishing unsubstantiated nonsense. Journalists are morally bound not to do so.

vonnik 9y ago
The challenges facing media are complex. The subscription model encourages publications to become luxury goods, just as the pace of the Web pushes print editions to become future-focused and heavy on analysis. Subscriptions can sustain niche products, but the free content on the Internet makes that harder than it used to be. Almost every publication is beholden to someone, and often to several entities, usually the owners. Bloomberg News treads carefully with Michael Bloomberg, and the same is true for every billionaire-owned outlet. You can't avoid it, and as long as there are enough publications, it doesn't matter. They all make up for the others' blind spots. While it may be a fallacy that people must act according to perverse incentives, it is not a fallacy to expect that they probably will. Statistically speaking, moral bounds are not strong arguments when confronted with power and wealth. Those who decline on moral grounds are easily replaced.

vonnik 9y ago

The challenges facing media are complex. The subscription model encourages publications to become luxury goods, just as the pace of the Web pushes print editions to become future-focused and heavy on analysis. Subscriptions can sustain niche products, but the free content on the Internet makes that harder than it used to be. Almost every publication is beholden to someone, and often to several entities, usually the owners. Bloomberg News treads carefully with Michael Bloomberg, and the same is true for every billionaire-owned outlet. You can't avoid it, and as long as there are enough publications, it doesn't matter. They all make up for the others' blind spots. While it may be a fallacy that people must act according to perverse incentives, it is not a fallacy to expect that they probably will. Statistically speaking, moral bounds are not strong arguments when confronted with power and wealth. Those who decline on moral grounds are easily replaced.