434 karma · joined September 19, 2009
I oversaw a news Web site redesign and a news Web site launch, and I planned and ran an instant strike newspaper and Web site that involved a staff of several hundred.
My writing has covered news and business, including aerospace and media.
In any event, AdSense revenue is trivial compared to the cost of creating content that has any widespread impact.
Put another way, how much do you expect to earn per hour for this sort of work? How long does it take you to write an informative 300 words?
Most likely, Demand Studios' P.R. people freaked out when Wired inquired.
This story likely took weeks to report and write. A graphic artist probably spent at least a week preparing the chart. Good journalism takes a lot of effort, and so few people realize that.
As someone who has been paid to write and edit news for 30 years, this article was pretty depressing, but I already knew about Demand Studios. And you know what? It looks like they take good care of their writers, at least in the karma department. These seem to be folks who have always wanted to be paid to write but never had the opportunity to get paid for it, enjoy surfing the Web, and can bang out three or four of these articles in a day and have some good walking-around-money.
They seem to be mostly American, but at some point I'm sure the Third World will be recruited to drive the price down even further. Seen what they are paying on Mechanical Turk?
For example, neither writer seems to have tackled the role of advertising revenue and other intangibles in assessing the value of content.
There are comparatively few ads in an edition of The Economist, which might explain why a subscription is so much greater than that of Time. And that should be factored into any newsstand-price-per-page analysis.
And some weekly trade publications, delivered by mail at no small cost, are monetarily free to the readers because subscribers pay with other currency -- information about themselves, their companies, and their spending plans.
I would also point out that the popularity of a fabric pattern or the life story of Sarah Palin are related more to taste and fad than to the value of any elusive wisdom, such as that derived from The New York Times or The Economist.
Mr. Graham is correct in noting a demarcation between conveyance and content, but as Mr. Weaver points out, it's not all that simple to proceed from there.
In any event, I've really enjoyed reading both sides of this, and I am impressed by the overall quality of the comments.