To all my colleagues at The Union-Tribune who will be out of work come July, fear not. There is ample opportunity for working journalists, as evidenced by a piece in The New York Times today about Chevron hiring a former award-winning CNN reporter to do its own investigative piece on the company once the conglomerate discovered 60 minutes was looking at some of its questionable actions in Ecuador.
OK, it was a puff piece fronting as news. But it's work.
Speaking of work, looks like it's not only newspapers and television stations that are going down the toilet. Playboy magazine today announced it lost nearly $14 million in the first quarter this year, yet another victim of free content on the Internet. Ad revenue plummets. Subscribers flee. Subscription rates rise. More with less. Stop me if you've heard this before.
And on a related note, the News Corp., among the leaders in the industry to force people to pay for stories that are damn expensive to produce, says it will introduce a micropayment system, enabling readers to pay for individual articles, instead of a full subscription. Good luck.
And it's only Monday.
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1 comment:
So they're going to take iTunes' stance on purchasing individual songs and applying it to news articles? Hmm.
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