Arnold Kling  

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Tyler Cowen points to this essay suggesting that newspapers convert to nonprofit status.

Over three years ago, I wrote


The newspaper business is going to die within the next twenty years. Newspaper publishing will continue, but only as a philanthropic venture.

My guess is that we will see a number of financial models for news and commentary, including some of those listed in Tyler's blog post. But two trends will drive newspapers toward nonprofit status. One is that as people get wealthier, they will indulge in their desire to become patrons of the media. The other is that the economics of for-profit newspapers will continue to deteriorate, particularly as they have to compete with high-quality donor-subsidized newspapers.


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TrackBack URL: http://econlog.econlib.org/mt/mt-tb.cgi/411
The author at Life, Liberty and the Pursuit of ... in a related article titled Newspapers as Public Good writes:
    Does anyone read that and fear that what we will get, instead of donor funded newspapers, is government subsidized newspapers? [Tracked on December 13, 2005 4:29 PM]
The author at Ed Driscoll.com in a related article titled Non-Profit Newspapers? Seems Inevitable writes:
    On EconLog, Arnold Kling sees one of his ideas bearing fruit:Tyler Cowen points to this essay suggesting that newspapers convert to nonprofit status. Over three years ago, I wrote:The newspaper business is going to die within the next twenty years.... [Tracked on December 14, 2005 5:32 PM]
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