Frank Rich’s New York Times Piece on the Fate of Newspapers Misses the Point

I just read Frank Rich’s New York Times piece about the fate of Newspapers. Typical old-media blather about the decline of the news business. The piece practically parrots the emerging meme that The Wall Street Journal is the one with the best business model in the news business – because they charge for readers. The piece doesn’t seriously consider the view that the news business (in its newsprint variety) doesn’t succeed because it doesn’t – can’t – serve the same function of information unity as it was performed in the pre-Internet world. In the end, the piece restates the convention wisdom: the American press essential to democracy, and when it comes to the press, America will get exactly what it pays for.