This week’s New York Times magazine takes a stab at “What are you really worth” this week and includes a lengthy piece on journalists. I’ll spare you the context of the how the market has devalued traditional journalism while creating new opportunities and simply recommend you read the entire article by Andrew Rice. The money quote:
… for some — possibly foolhardy — reason, a lot of people still want to work in journalism, and even amid the depths of the recession, there have been stirrings of creativity. A multitude of younger, nimbler enterprises have popped up, unencumbered by the past and ready to try anything. History suggests that few of these ventures will ultimately survive: Web start-ups have a failure rate between 70 and 90 percent. But it’s quite possible that the experiments they’re staging are already producing the kind of innovations that make for new, sustainable business models.
For continuing coverage of independent journalism startups, check out the section we developed on Lost Remote to cover this emerging sector.