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By Intern Economy (anonymous) | Posted May 12, 2012 at 07:07:10 in reply to Comment 76772
Clay Shirky is a good egg, I agree.
Print ad revenue at newspapers is now about half what it was in 2005. Online revenue isn't making up for that loss. It's anywhere from 1:7 to 1:10 compared to print. However much the costs of printing and distribution have collapsed, there does not appear to be a ready solution. Torstar makes most of its money off Harlequin, and then maybe the community papers that are grossly ad-heavy, and then maybe auxiliary companies like WagJag. I'm sure there are other solutions and state-funded media is maybe one of them.
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