I’ll give you the headlines from Paul Bradshaw’s excellent, detailed post on how the web has changed the economics of all news media.
- Atomisation of news consumption
- Measurability
- Mutually conflicting business models
- Reduced cost of newsgathering and production
- End of scarcity of time and space
- Devaluation of certain types of journalism
- The end of monopolies
- Cutting out middlemen
- Creating new monopolies
- Digitisation and convergence
- The rise of the PR industry
- A new currency