NYT Mag Pens a Long Piece on New Media About Stuff We Already Know
Well, we know it, but maybe if you don’t spend hours a day covering new media you could read the piece by Andrew Rice about online journalism and learn a thing or two.
Many other publications, confronted with the painful math, have reached the same conclusion: the business needs alternate schemes of support. Some have adapted tried-and-true formulas. The Daily Beast is backed by a generous billionaire, Barry Diller; others are mimicking NPR’s nonprofit model; Politico makes the majority of its revenue from, of all things, advertising in an offshoot print newspaper.
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