It’s the competition, not “freeconomics” in business of news today

Micheal Kinsley’s OP-Ed from the NYTimes provides a short and very likely explanation of why micropayments aren’t going to save the current structure of news organizations. With the cost of publishing approaching zero, and the cost of publishing becoming too cheap to monitor, competition enters where monopoly held sway just a decade or so ago. Kinsley suspects that competition will keep open the Baghdad bureau, among others, and the new playing field for publishers will favor the best content, not the biggest publishing empire. Just a few years ago, there was no sweeter perch in American capitalism than ownership of the only newspaper in town. Now, every English-language newspaper is in direct competition with every other.