If we shift toward paying for content, is there not going to be a market for subscriptions to fake news as well as subscriptions to real news? Paying for content alone doesn't solve the problem of fake news. How does Joe Average even know which subscriptions are the right subscriptions? Please don't let an algorithm decide for them.
In terms of payment itself, I feel the going rate is a big issue. Checking the NY Times just now, they're asking $5 per week of me for a basic subscription. Let's make the math easy and call that $250 per year, and assume four subscriptions are needed to be sure we have a well rounded intake, giving a $1000 per year news budget. For a person with a net income of $100k+ per year, maybe this is not a big spend. But for people on lower incomes - who I would argue are likely the people most susceptible to fake news - this becomes a much greater expense and will discourage them from subscribing to anything. Compared to freely available news, it would be putting disadvantaged people at a even greater disadvantage, and let's face it - in a democratic society, I'd rather everybody have access to the same information, than know half the population is making decisions based on garbage. Garbage in, garbage out.
In terms of what the new model should be, I don't think I have any answers. I just know that I have a budget for news and it is not in the order of a thousand dollars a year for a well rounded intake, however I also want everybody to have access to the same news, so I don't think paywalls are a good idea.
> If we shift toward paying for content, is there not going to be a market for subscriptions to fake news as well as subscriptions to real news? Paying for content alone doesn't solve the problem of fake news. How does Joe Average even know which subscriptions are the right subscriptions? Please don't let an algorithm decide for them.
It doesn't solve fake news, except that subscriptions might keep the production of real news economically viable. Internet-ad revenue probably can't support real journalism at all. It's too labor intensive.
Real news is expensive to produce, you have to pay reporters to spend their time finding the facts; fake news is cheap, since lies can be made up in your pajamas.
If we shift toward paying for content, is there not going to be a market for subscriptions to fake news as well as subscriptions to real news? Paying for content alone doesn't solve the problem of fake news. How does Joe Average even know which subscriptions are the right subscriptions? Please don't let an algorithm decide for them.
In terms of payment itself, I feel the going rate is a big issue. Checking the NY Times just now, they're asking $5 per week of me for a basic subscription. Let's make the math easy and call that $250 per year, and assume four subscriptions are needed to be sure we have a well rounded intake, giving a $1000 per year news budget. For a person with a net income of $100k+ per year, maybe this is not a big spend. But for people on lower incomes - who I would argue are likely the people most susceptible to fake news - this becomes a much greater expense and will discourage them from subscribing to anything. Compared to freely available news, it would be putting disadvantaged people at a even greater disadvantage, and let's face it - in a democratic society, I'd rather everybody have access to the same information, than know half the population is making decisions based on garbage. Garbage in, garbage out.
In terms of what the new model should be, I don't think I have any answers. I just know that I have a budget for news and it is not in the order of a thousand dollars a year for a well rounded intake, however I also want everybody to have access to the same news, so I don't think paywalls are a good idea.