Eugene David ...The One-Minute Pundit |
|
Friday, June 26, 2009
"The cover price of a newspaper acknowledges that news has a value, a price worth paying" [Romy link]
Another topic for today. We pay for many things that have little value. Think of our taxes. How much of them goes to schemes and frauds? Or think of name-brand consumer goods. How much of their price goes to profit margins and advertising fiefdoms? Before the allegedly sudden news biz' collapse it was extremely profitable; today, despite debt-connected losses in the billions and whole companies going broke, it is still profitable. Just because we pay for something doesn't mean it has value; and every day the value of newsgathering approaches what we pay for it on the Web -- zero.
|