3 ms·
great for the publishers with huge audiences, not so much for smaller news sites. How many news subscriptions will people pay for after they sign on for the New
by repolfx 7y ago
great for the publishers with huge audiences, not so much for smaller news sites. How many news subscriptions will people pay for after they sign on for the New York Times, Washington Post, and the Wall Street Journal?
Well, does there need to be more than three? I'm not sure where the assumption came from that news is broken if we're not all consuming 15 different outlets every day. In the past it was normal for people to subscribe to just one news outlet! Three is pretty good going, and not going to break the bank for many readers.
- chrisco255 7y agoThe number of people subscribing to all 3 of those publications has to be vanishingly small. But to your point: yes of course there needs to be more than 3. None of the publications mentioned cover local news. There's also the whole competition being a good thing. Democracy doesn't die in darkness. It dies in uniformity.
- TeMPOraL 7y agoSeconded. Competition is good (esp. on commodities), but there are diminishing returns. Why would news require more competition than the market is naturally able to sustain?