Seth Godin reckons that
“Newspapers took two cents of journalism and wrapped in ninety-eight cents of overhead and distraction,” and that “if we really care about the investigation and the analysis, we’ll pay for it one way or another. Maybe it’s a public good, a non profit function. Maybe a philanthropist puts up money for prizes. Maybe the Woodward and Bernstein of 2017 make so much money from breaking a story that it leads to a whole new generation of journalists.”.
He is very, very right. (hat tip Ed Moore)
Interesting read from Charlie Beckett from a seminar at my old University, Sussex.