I’m cross-posting my comment left on Nick Carr’s lengthy and good thoughts on the paywall for news:
While I agree that the supply of news is greater than it will be when more than a few smaller papers go dark, I’m not at all sure that the long-term supply of news will be radically reduced. That’s a big reduction!
You write that amateurs and part-timers “can’t do all of the work, and they certainly can’t do all of the most valuable work. The news business will remain a fundamentally commercial operation.” I agree, but I don’t think it has all the purchase you’d like.
The current explosion of content is not just “an illusion born of the current supply-demand imbalance.” It’s not enough that “the labor costs remain high” despite the fact that “the capital requirements for an online news operation are certainly lower than for a print one.”
A more or less intelligent armchair blogger’s take on some news event may be worth only a fraction of a pro’s account. It may me more prone to error. It may be published later. It may hide more bias. But it also may be free and therefore good enough. We now have the option of satisficing our news, and that will likely never go away. (Of course, let’s not deny that an amateur expert’s take on the news might also be more valuable.)
So, fine, “it ain’t going to a purely social production model,” but I’m afraid that might not be enough to protect pure paid content. Even if we settle back to a world in which we have only one-tenth of what we have now, that world will still have hundreds of times more news and opinion than we had when buying a subscription to the newspaper was de rigeur.
Fow what it’s worth, however, I too believe there’s a model according to which we will pay those who create our news. But I see us buying not the content itself but value-added interaction with the content and with the writers and editors.