The future of reporting...

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The Chicago-based Tribune Co.'s bankruptcy this week hit me on a lot of levels -- not the least of which was that I am a former employee of that company.

But beyond me, the discussion in recent days turned to the future of journalism - particularly print media. And that discussion should be a wake-up call for any consumer of news and the Internet. Here's a link to KPCC host Pat Morrison's show on the subject: http://www.scpr.org/programs/pattmorrison/

The gist of it was this: if newspapers completely fail, and reporters go with them, the Internet will not be far behind.

As it stands, professional reporters are paid to dig up information and present it to readers in the form of original content.

If there is no business model that can compensate them to do this, the Internet sites that rely on newspaper stories for content won't have anything to report -- and that's a lot of them.

Yes, wire services will help. But what about consistent local news?

Forgive me for perhaps tooting the horn of my profession. I'm not seeking an industry bailout -- not yet anyway. And don't get me wrong. Citizen journalists have their place. 

But this seemed a very relevant discussion for anyone who likes to read the news, and who cares about having paid, fulltime journalists trying to get information to readers.

About this blog

Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.

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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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About this Entry

This page contains a single entry by Ryan Carter published on December 12, 2008 4:25 PM.

Bank of America to cut 30,000 to 35,000 jobs was the previous entry in this blog.

CEOs come under increased scrutiny is the next entry in this blog.

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SanGabe.biz is the San Gabriel Valley Newspaper Group's online resource for local business development. Get info on tax law, accounting, legal forms, marketing, sales and more.
The San Gabriel Valley Small Business Development Center offers classes, counseling and consulting for entrepreneurs and small business owners. The SBDC is a partnership between Mt. San Antonio College and the U.S. Small Business Administration.
The San Gabriel Valley Economic Partnership is a nonprofit corporation dedicated to improving the valley's economy.

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