Pay-per-view mechanisms, micropayments, and even subscription-based business models are all languishing. Consequently, the overall health of modern media marketplace and the digital economy—and the aggregate amount of information and speech that can be produced or supported by those sectors —is fundamentally tied up with the question of whether policymakers allow the advertising marketplace to evolve in an efficient, dynamic fashion. In this sense, it is not hyperbole to say that an attack on advertising is tantamount to an attack on media itself.
January 8th, 2012
Ezra Klein on the Importance of Advertising to Media
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