Ten years into the era of publishing via the Internet, most online editions still depend upon newsprint editions for content and financial support. The catch-22 is that those newsprint editions can decreasingly afford to provide it. Television news' answer can be summed up as: Comment is cheap, but fact is expensive. So it has gone the low-cost route. ... Another option for serious journalism is that it will become the domain of nonprofits--or be reader, not advertiser, supported, along the public broadcasting model. Or perhaps newspapers will be available only to an elite, rather like the Reference News available to the Chinese Communist Party leadership but not the masses. In the U.S., the elite will be those who can afford to pay for it. That elite edition will be highly customized for each niche group of readers--with a price tag to match, and not so far from the notion of journalists talking down the telephone line to one reader at a time.
That's exactly what I was trying to say the other day! Great minds think alike, but the Forbes guy had the time and talent to write it up properly. Me, I'm just a mild-mannered editor between 5:00 a.m. and 7:00 p.m. and a blog crusader by what's left of the night before slipping into unconsciousness.