Weblogs & Journalism – Where’s the money going?

Glenn Reynolds, Jay Rosen and Jon Lauck discuss monopoly newspapers, reduced reporter counts and journalism quality. The Newspaper Preservation Act of 1970 and the general monopoly position of most papers has not done much, as far as I can see, other than insulated entrenched organizations from the market. Perhaps atrophy is starting to take its course.

I summarized my thoughts on Madison’s local newspaper monopoly here (along with some of the unintended consequences). There are some parallels to Microsoft’s tactics.