From Town Criers to Bloggers: How Will Journalism Survive the Internet Age?
The media companies, with the unfortunate exception of the Corporation for Public Broadcasting, are private corporations which have been extablished to provide a service for a profit. They were successful doing so for decades, when the service they provided was deemed to be of value to their customers. Over the past several years, the customer perception of the value of the service provided by the media has diminished. The customers have found other sources of the service which they believe provide a better value proposition. The media appear to believe that the customers should realign their assessment with the value proposition the media prefer to offer, rather than adapting their value proposition to the customers' preferences. This has been a common characteristic of failed business models over recorded history. There is nothing in the evolving internet information dissemination model which precludes or inhibits journalism. Journalists and commentators who provide a service the customers deem useful can and will survive and thrive in this new business model. The government should not use taxpayer funds to support services the taxpayers no longer value. The government should also not use taxpayer funds to support services the government uniquely values, to the detriment of taxpayers. The United States does not need and its citizens do not want the functional equivalent of Pravda, spouting the "party line" to the exclusion of competing messages.