Comment Re:Duh. (Score 1) 368
That may be true. However, you can bet that if the news organizations start making more, the AP will start charging more for their content. I doubt that ad revenue will be sufficient to cover the costs if that happens. Sure tweeters and bloggers will continue to break the stories, and that serves a definite need and provides a check against the media - but they are not credentialed reporters, with the ability to go behind the scenes. I agree that the "what happened" summary is good for keeping up to date with a lot of news, but the unavailability to find further accurate details will lead to a lot of speculation and misinformation.
Also, the original comment mentioned that they pay for The Economist. I do as well, and I can tell you the magazine is definitely not cheap. In fact I know many people who pay for it, and I also know many people who subscribe to The NYTimes. I think people do this because they like the writing style, or because it gives them specific sections or certain authors. To me, it shows that, generally, if you give people what they want, they are usually willing to pay for it. The problem is that many organizations are looking to make people pay for what they want to give them, and that will never work.