People don't want to pay for news. They don't like ads, but will tolerate them to a point, and most definitely don't want to pay for subscriptions. Laws can change behavior short term but long term the better product and platform will win.
People don't want to pay for news. They don't like ads, but will tolerate them to a point, and most definitely don't want to pay for subscriptions. Laws can change behavior short term but long term the better product and platform will win.
I'm sure I'm not the only person here who subscribes to LWN. People with a special interest in a particular topic are willing to pay subscriptions to specialist news outfits covering that topic. Not enough for them to grow rich but enough for many of them to survive. The real struggle is retaining subscribers to mass-market generalist news as opposed to niche speciality news sources.
You have a global network of individuals and companies producing news. If you offer good news for $5 but someone else is offering acceptable news for $0 that acceptable news is going to win every time.
> Hence, the key effect of commoditization is that the pricing power of the manufacturer or brand owner is weakened: when products become more similar from a buyer's point of view, they will tend to buy the cheapest.
The two I'm looking at paying for in the near future are https://thebrowser.com/ and https://www.slow-journalism.com/, but I'd pay a lot more than that for some kind of Realpolitik executive summary which gave overviews of the most important trends, including the most common mainstream opinions and an analysis of any available evidence.
So, arguing that “these politicians don’t understand economics” is like saying “laws against theft don’t understand how easy it is to break a window”.