Why won't some people pay for news?
Despite a great deal of jawboning and gnashing of teeth about the state of news media and possible remedies there are a number of dimensions of the problem and potential opportunities I rarely see discussed.
https://diaspora.glasswings.com/posts/867c94d0ba87013aca41448a5b29e257
I'd add to my 2022 comments the following:
Of the last, the Economist suggests a commercial basis being roughly by thirds subscriptions, advertising, and bespoke research through the Economist Intelligence Unit (EIU). Public broadcasting in the US (NPR, PBS) benefit by member support, commercial underwriting (now little different from ads), and some government support (mostly to local stations). Traditionally within the US commercial publication revenue was based on banner ads, classifieds, legal notices (effectively an obligate support of newspapers by law imposed on private citizens and firms), subscriptions, and news-stand sales.
Currently, the ISP as at least a major payment gateway seems a highly underutilised opportunity. What translates to an Internet age is clearly still being worked out, though at the cost of many established institutions, large and small, failing entirely.
HN discussion: https://news.ycombinator.com/item?id=41249571
#News #Journalism #Newspapers #PublicGoods #Wikipedia
Edit: Added NYT paywall year from placeholder text.