Check out this great speech by Clay Shirky (audio) : Let a thousand flowers bloom to replace newspapers; don’t build a paywall around a public good
It would be hasty to undermine the importance of newspapers and overestimate the new world of youtubes and twitters. We need journalists to mine the plethora of information - from economics of toilet paper to the study of mirror neurons. The good thing is competition from web will be making the newspapers more "Kousher" but the irony is the old business models of NPR, New Yorker and Atlantic might turn out to be the most succesfull models.
The hilarious tweet Shirky received says it all : Newspapers should rename their local obituary column to “Subscriber Countdown.”
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