So, What Business Are We In?
"The News Business Really Is Cratering" - Jack Shafer, Politico , January 27, 2024. It might not be the end of journalism per se. There will always be a necessary role for investigative reporting. What is going poof is journalism as a career path. Those full-time employees at prominent media centers such as the LA Times and Business Insider who were axed may never find their way back in. Freelancers might never have another article published again. Who knows, even indie Substack might also be selling what has fewer and fewer buyers. Shafer does, however, mention exceptions to the collapse. One is The New York Times. And, if we connect the dots the source of that growth is not necessarily the quality of the journalism. As you might have already noticed, it's gaming. Everything from the crossword puzzle to Wordle. Vanity Fair details the evolution of The New York Times from news to a subscription bundle including that traditional media service (in less demand) and gami