There’s No Money for Journalism Anymore

Nobody wants to pay for content. Especially not the heads of newspapers:

By my count, there were some 20 people at the Gridiron Club dinner
on the Tribune Company’s dime — which in this case came to $300 a
head. Add hotels and air fare and whatnot and it all comes to a
significant piece of change dished out by acompany in bankruptcy.
Actually, against the company’s $13 billion in debts, what it comes to
isn’t significant at all. But think about the cost in terms of keepingKim Barker in place to cover Afghanistan and Pakistan a few weeks longer and the money chafes.

But
let’s give the company credit. In better times it would have sent a
delegation twice the size to the Gridiron Club dinner. Not only that…
It’s traditional for the company the club president works for to throw
a party the night before the dinner. An orchestra, entertainment, a
couple hundred guests. Figure a cost of about $50 a person.

Somehow this is the Internet’s fault.

A.

2 thoughts on “There’s No Money for Journalism Anymore

  1. pansypoo says:

    change happens. you have to adapt. IT’S EVOLUTION.

    Like

  2. BuggyQ says:

    Jeebus. The disconnect between what the management types are doing and reality is so big, it’s getting to the point you need to measure it in light years.
    BTW, the INDenverTimes (the attempt to revive the Rocky Mountain News), looks like it’s gaining momentum. Anybody interested in helping can gohere and check out the site. There’s a ginormous SUBSCRIBE HERE link on that front page.
    Just doing my bit to help kill journalism.

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