Ken Auletta on the Newspaper Death Watch
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Always love reading coverage of media armageddon.
Here’s my take: A good way to predict how a technology in transition will end up is to imagine what would result if everything collapsed tomorrow and was rebuilt from the ground up. In that scenario, here’s what I think would happen.
Knowledge is power. Money buys power.
Rich people will pay for high quality and timely information because it will give them an advantage over those with bad information.
The result will be, as Peter Kafka predicts, “a bifurcated world: People with a lot of resources will get access to high-quality information. Everyone else will get free stuff that has little value.”
