Internet Ends Monopoly on Journalism and News Content Production Says Alan Kohler
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[caption id="attachment_499" align="alignleft" width="150" caption="Alan Kohler, Business Spectator"][/caption]
Alan Kohler argued that the Internet has put an end to the cartel which existed between a small number of publishers in the era of print media as it eradicated the high barriers to entry such as printing presses and licenses (in the case of broadcasting).
Print is a highly ineffecient means of conveying news, he said, adding that the Government would be mad to support 'public trust journalism' via print publications. He viewed the recent increase in subsidies for print media legislated by Sarkozy as the latest example of 'loopy French economics'.
Kohler - ...