Fueling a flight to quality
3 weeks ago
“I wrote an essay last month that questioned why the default funding model for journalism has always been for-profit. As if reporting the truth and profits were mutually beneficial pursuits. The business of journalism isn't like the business of, say, retail. True, competitive culture partly drives the pursuit of scoops, leads and sources, but was Woodward thinking about a sales commission during all those 2 a.m. rendezvous with Deep Throat? No. And is the New York Times Iraq bureau really an efficient and streamlined use of its budget? Well, no.
“But it exists for a larger purpose than bottom lines. There's a consensus that societies are better off with a fully-functioning press yet we're willing to jeopardize it in the name of competition. Just doesn't seem like a reasonable compromise.”