How to Save the News

Burdened as they are with these “legacy” print costs, newspapers typically spend about 15 percent of their revenue on what, to the Internet world, are their only valuable assets: the people who report, analyze, and edit the news. Varian cited a study by the industry analyst Harold Vogel showing that the figure might reach 35 percent if you included all administrative, promotional, and other “brand”-related expenses. But most of the…

They Don't Report. You Don't Have to Decide.

Frank Rich takes TV journalism to task for fumbling its coverage of the Times Square bombing attempt. It seems the Big Media bigwigs were too busy at the White House Correspondents Dinner… so the media stars were covering their own schmoozefest, rather than real news. That MSNBC couldn’t be bothered to interrupt its two-hour coverage of these festivities to report on the attempted bombing was particularly embarrassing, given that the…