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Newsonomics: It’s looking like Gannett will be acquired by GateHouse — creating a newspaper megachain like the U.S. has never seen
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March 20, 2013, 11:36 a.m.
LINK: www.slate.com  ➚   |   Posted by: Justin Ellis   |   March 20, 2013

Slate’s Matthew Yglesias says Pew’s 2013 State of the Media report, while chronicling the declines in the media, neglects to see the positive aspects of the changes to the industry:

This viewpoint is not wrong, exactly, but it is mistaken. It’s a blinkered outlook that confuses the interests of producers with those of consumers, confuses inputs with outputs, and neglects the single most important driver of human welfare — productivity. Just as a tiny number of farmers now produce an agricultural bounty that would have amazed our ancestors, today’s readers have access to far more high-quality coverage than they have time to read.

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