Comment Re:Business model fundamentally broken (Score 1) 217
Endowment with public funds? No way for me. The NYT might not be able to cope without public funds, but I can cope without the NYT. Aside from squandering money on yet another useless cause, let us keep in mind that public endowments would allow government greater control over news sources.
Yet in the case of government funding (such as BBC), the press is freer, better, and more critical of the government. Providing funding to a free press ensures the survival of the press. The private model we have in the US is all about attracting advertisers and not offending them. Subscriptions are irrelevant except as demographics for ad pricing. News has little to do with it. Public support is the ONLY option for a free press that represents the people rather than the government, the advertiser, the corporate interest that owns the outlet, etc.