Wednesday, January 07, 2009

Death of the NYT a tragedy or just market forces?

I see that 131 people have already saved this article to delicious and no doubt it will become a topic for the media blogosphere.

It is this article in the Atlantic which asks

what if The New York Times goes out of business—like, this May?

Would it be a cataclysmic event that would spell the end of journalism as we know it or simply the death throws of a tired old paper which is well past its sell by date and is unable to compete in the new media market.

Yet ,as a potent for print journalism it is worth reading what Michael Hirschorn says

The collapse of daily print journalism will mean many things. For those of us old enough to still care about going out on a Sunday morning for our doorstop edition of The Times, it will mean the end of a certain kind of civilized ritual that has defined most of our adult lives. It will also mean the end of a certain kind of quasi-bohemian urban existence for the thousands of smart middle-class writers, journalists, and public intellectuals who have, until now, lived semi-charmed kinds of lives of the mind. And it will seriously damage the press’s ability to serve as a bulwark of democracy. Internet purists may maintain that the Web will throw up a new pro-am class of citizen journalists to fill the void, but for now, at least, there’s no online substitute for institutions that can marshal years of well-developed sourcing and reporting experience—not to mention the resources to, say, send journalists leapfrogging between Mumbai and Islamabad to decode the complexities of the India-Pakistan conflict.

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