The Double Threat to Journalism–Who Will Fix Its Fate?
First, the financial model that has supported journalism is eroding, meaning less good journalism. Then we have Rupert Murdoch making a move for Dow Jones, the owner of the Wall Street Journal. Here is Dean Starkman at CJR Daily:
And make no mistake: Tuesday was a black day for journalism, and an even blacker one for financial journalism. When this is over, there will be no independent publisher of the nation’s foremost-really only-watchdog of the capital markets, corporate behavior, and regulators’ conduct. Who’s going to cover News Corp.?
Who, indeed. It’s up to all of us to figure out how to make a better journalism. If we, you, me and all of us don’t come up with a replacement model, there’s deep trouble on the horizon.
