3 challenges confronting journalism:
"Most journalists ... cover news in a fairly formulaic way, reformatting information released by others. ... Today such routine information has little economic value because the original providers are now directly feeding that information to the interested public through their own websites, blogs, and Twitter feeds. ... To survive, news organizations ... need to use journalists’ time to seek out the kinds of information less available and to spend time writing stories that put events into context, explain how and why they happened, and prepare the public for future developments." -- Economist Robert G. Picard, in his blog
"You can go and take your traditional journalist, and many of them are fantastically good reporters, very good writers, certainly (at) The New York Times, and try to train them more in some math and probability and statistics. Or you can hire people who come from that background, where maybe now some papers are going to hire economics majors and math majors, fields that you wouldn’t typically enter if you want to go into journalism. But I would think ... you’ll see more data-driven analysts or reporters." -- Nate Silver to Chicago magazine
"Google, a company founded 14 years ago, makes more money from advertising than an industry [print] that has been around for more than a hundred years." -- Felix Richter, Statista.com
* "If Google did have a stake in the newspaper industry's success, now might be a good time to go ahead and pull it out. The blood's probably already dry." -- Will Oremus in Slate
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