David Carr’s New York Times article offers a reconsideration of the Google Deal.
With long-standing print publications like the Christian Science Monitor announcing they will cease print operations, and other major publishing companies like Time Inc. cutting payroll, Carr asserts that
“the sky is falling. The question now is how many people will be left to cover it.”
Because readers are accustomed to accessing electronic news content for free, whether directly through the established news publication channels or through the vast network of hyperlinks that is the blogosphere, the transition from paid print subscriptions to paid online subscriptions will be a difficult and heavily contested one. Furthermore, online ads do not drive the same revenues as print ads, and advertisement funds have experienced a dramatic contraction as the three major reliable advertising sectors,
“car industry, retail business and financial services”,
are reaping the rotten fruits of their risky financial labors.
But the crucial question that Carr poses is,
What will happen to the content and quality of online journalism and commentary if the vetted print publications, and their electronic versions, were to disappear?
