news business

There is a lot of stuff being written about the decline of the news business right now. Most of it is very unoriginal, repeating the same points about the same issues, and  most of it is a year late  — all of these are themselves probably signs of what is wrong with the business. I’m as guilty of anyone else of casting about, somewhat helplessly, for answers to questions that have no obvious solution. But here’s something original and valuable, from (no surprise here) the FT: