The challenges facing media are complex. The subscription model encourages publications to become luxury goods, just as the pace of the Web pushes print edition

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.