«IT'S CALLED GOSSIP AND OF COURSE AND IT'S AN OBSESSION OF MINE»- ANDY WARHOL

The New Yorker set Eric Alterman loose on the declining American newspaper industry. "Until recently, newspapers were accustomed to operating as high-margin monopolies. To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. In the Internet age, however, no one has figured out how to rescue the newspaper in the U.S. or abroad," he writes. "Newspapers have created Web sites that benefit from the growth of online advertising, but the sums are not nearly enough to replace the loss in revenue from circulation and print ads." Are models like blog/news mash up The Huffington Post the future of news?

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march 27 2008