True, but also, newspapers were still very financially stable. The number of gainfully employed journalists throughout the U.S. was far greater. Regional and ci

True, but also, newspapers were still very financially stable. The number of gainfully employed journalists throughout the U.S. was far greater. Regional and city newspapers thrived. Now, many are dead and many of the survivors are slowly dying. Print news is now looking like a power law: a handful flourish (NYT, WSJ, WaPo, etc.) and a long tail struggles to stay afloat. These outcomes are, in part, created by people's perception that the information generated by news organizations is a both a commodity and is free. Neither is actually true.