23 October 2017

Journalism’s Broken Business Model Won’t Be Solved by Billionaires

By William D. Cohan

Ever since Donald Graham, the heir to the Washington Post, decided to sell the family’s newspaper for two hundred and fifty million dollars, in 2013, to Jeff Bezos, the founder of Amazon and one of the world’s richest men, the preferred solution for a financially struggling publication has been to find a deep-pocketed billionaire, with other sources of income, to buy it and run it more or less as a philanthropic endeavor.

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