Cost Disease in Journalism
Matt discusses Baumol's cost disease and its impact on journalism, highlighting how investigative reporting has remained inefficient and expensive over time. He compares the challenges faced by modern journalists to those of historical figures like Woodward and Bernstein, emphasizing the importance of in-person interviews for quality reporting. The conversation reveals that as traditional journalism struggles with funding, it risks losing its unique value in the media landscape.In this clip
From this podcast
Decoder with Nilay Patel
Platforms need the news, but they're killing it
Related Questions