>Much has been written about the failing business model of new media. We have watched how new media companies fail, and it’s not because of a lack of audience, revenue, impact, or vital work. New media companies fail because of a growth-at-any-cost mentality, and venture capital investments made at absurd valuations. Most importantly, astronomical overhead costs make it impossible for journalists to out-earn the cost of expensive office space, the ever-changing whims of management, executives’ salaries, the cost of unnecessary enterprise software, and an endless parade of consultants brought in to figure out what’s wrong.
>It doesn’t have to be this way, and at 404 Media, it will not. We propose a simple alternative: pay journalists to do journalism.
Also, y u no Mastodon?