As the ever-changing media landscape is making old business models obsolete for news providers, what means are there to make journalism a profitable business? Jeff Jarvis is the latest industry expert to discuss the issue, giving a very economics-based take on it. According to him, a news provider has to give serious thought to its revenue model: providing quality news is not in itself profitable.
Some observers, such as FishbowlNY, commented that Jarvis's thoughts on the state of the news industry seem very grim. What is perhaps most worrying is that many of the challenges he discussed are already widely recognised as real, but the industry has been late to act on them.
Certain prospects for the future are so certain that the industry should acknowledge and adapt to them, Jarvis stressed. Old revenue models for newspapers and news organisations cannot serve as models for the future. Newspapers' circulation will only continue to decline, as will also ad revenues. There is no going back to what the news industry was like before.