Today’s announcement that The Washington Post has put Newsweek up for sale is obviously another indication of how the news business is changing. Newsweek already had scaled back and was in the process of becoming a digital operation, with the print edition taking a back seat. It was losing money, though, and according to the statement of Don Graham, chairman of The Washington Post Company, the Post didn’t see a way that it could reverse the trend.
News magazines may have outlived their usefulness in a world where anyone can have access to up-to-the-minute news reports 24/7. Waiting a week to read what you already know doesn’t make much sense, and there are so many voices out their already commenting that the loss of a couple of weekly voices may not seem to matter much.
Jon Meacham, Newsweek’s editor, appeared on the Daily Show tonight to talk about the sale, what’s going on in journalism and the importance of publications like Newsweek to American democracy. He made two points that have been made here in the past couple of weeks. 1) that if people aren’t ready to pay for news, “they should be prepared to get a different kind of news”; and, 2) that in an increasingly fragmented world, Newsweek and other publications like it constitute a source of information that people have in common.
We need to be drawing on the same pool of information if we’re going to have any kind of dialogue. Meacham repeated another point made here, that the informati0n may not be accurate 100 percent of the time in a publication like Newsweek, or The Washington Post, or Time, or the New York Times, but they make an honest effort to get it right and avoid blatant bias.
We need to hear facts that we may not like, and we need to get used to the idea that there’s no free lunch. Someone has to pay for all those reporters running around–occasionally risking their lives–to gather information. They love their jobs, of course, but they have to eat and support their families. If no one wants to pay them, they’ll have to find another line of work. Once again, quoting King Lear, nothing comes from nothing.