The End of Newspapers

I think every blogger out there has already linked to this piece of analysis by Clay Shirky. Now I have too.

Money quote: "For the next few decades, journalism will be made up of overlapping special cases. Many of these models will rely on amateurs as researchers and writers. Many of these models will rely on sponsorship or grants or endowments instead of revenues."

It was calculated recently that printing the New York Times costs twice as much as sending every subscriber a free Kindle, and that's a conservative estimate.