Time Executive Editor Nancy Gibbs on @katiecouric

Time executive editor Nancy Gibbs spoke with Katie Couric for her @katiecouric weekly online show on CBSNews.com, where she discussed the future of print journalism and paying for content online.

The full interview will be available at 7 p.m. ET Tuesday, but a preview is included below. Highlights from Gibbs:

(When Couric asked whether she would be able to hold an actual copy of Time in her hands in 20 years) I think you will. But I also hear from people who have played with the iPad that it’s a very cool thing. And if you have a story in whatever the new digital device is that we will probably all have next to our beds, you know, in a few years — if that allows you, when there’s a story that you’re interested in, to go as deep into it as you want, to read as much about it as you want, or to move on to the next story — when you have that much power of choice over it, I think that’s going to be great for us.

You know, the one problem with the Internet for journalists who like doing long-form is that any story that’s going to involve 16 screens on — (LAUGHS) on the Web page, is — that’s asking a lot of people. But these devices that are designed to read books on, you certainly can imagine people being happy to read three- and four- and 5,000-word long-form journalism stories on. So I think, actually, there promises to be a renaissance of the kind of serious investment journalism and storytelling that, you know, we all love to do.

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(On paying for content) I think that what that misses is that, at a time when so many news organizations have been shutting down their bureaus and curtailing their news gathering, we’re getting to a point where there are likely to be fewer and fewer sources of reliable, authoritative news.

And, therefore, the value and the premium people may be willing to pay for those goes up. I would like to see every newspaper and every magazine have a network of bureaus all over the world, gathering news. Maybe we’ll return to that day. But, at the moment, where you’re seeing such a contraction, I think what that does is put a real premium on authority and quality and rigor, and organizations that are still investing in their sort of informational infrastructure.