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I don't think he or I know how to construct this business model, but he's absolutely right about one thing: it takes money to commit actual journalism. Opinion pieces, or political blogs, can be made to make money though advertising. It's modest, and you can't put bureaus all over the world, and stringers, and so on, without money.
All this new/old media sockdologizing is one thing; it's true enough, as far as it goes, but like so many things, it just doen't go very far at all. I'm sorry, but the HuffPost is as shallow as a saucer of milk. Where the long articles explaining who's who in the health care lobbies? Where's the investigative pieces, aside from Seymour Hersh, that really blow the town up? Who's doing that? The New Yorker pays for Sy because people pay for the glossy paper, and they make a lot in ads, too. If that goes away, the Kindle is no substitute. The web serves up marvelous opinion, but it's very, very shallow in delivering fact.
Thanks for posting this! I haven't followed this but will start now. BTW, Simon left out one important piece: not only do we need to pay "content gatherers" (such as journalists and photographers) and their editors, there must also be the capital and wherewithal to defend them from publishing what they find.
