Back to the problem of the oversupply of news

One of the problems of the current business model is the oversupply of news.

As economic theory says the greater the supply the lower the price is demand remains constant.

As Nieman Lab reports,Tom Curley, president and chief executive of The Associated Press spoke to the Foreign Correspondents’ Club in Hong Kong.

The truth he said was that

the market for news is growing. But the reality is — and none of us can create some fantasy picture here — there is an oversupply, at least in the short term, of us. And so that is creating some differences in the market, and I see these being resolved by innovation and creativity over time.

For a full transcript of the talk check out the link HERE