MBA Geek

There’s an interesting movement happening in the journalism world at the moment. You could sum it up as a battle of wills between Murdoch and Google, but it’s more than that. There’s a cost involves in collecting news and someone has to pay for that in the end. Here are some costs The Times faces:

Indicating the costs of quality journalism, he said it had cost the Times £1.5m to run a Baghdad bureau for the duration of the Iraq war and £10,000 to send a correspondent to report on violence in northern Sri Lanka.

(taken from an article in the Guardian)

The answer isn’t quite clear for now. It’s not like you can take some time out, hire one of those outer banks vacation rentals and put everyone in a room until they reach a compromise. The market will bear what the market will bear.