Murdoch wants to save his business by erecting paywalls around his content. Good idea? Bad idea? Time will most certainly tell.
One thing I do know first hand is that creating news takes time, is expensive and is extremely hard to monetise on the net. Another thing I know is that opinions are cheap, plentiful and mostly worthless.
What most bloggers don’t seem to appreciate is that they don’t actually create news. With news creation disappearing behind paywalls I wonder what it will mean for those who don’t have sources, or know how to interview a subject, and in turn what that means for the quality of free online debate?
The major publishers are already guilty of regurgitating vast quantities of corporate PR disguised as news, it’s probably only going to get worse.
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