Labour markets: Churnalism

This post has been corrected.THE world of journalism has been in a constant state of flux since early in the internet era. In the past year, however, there has been a new and intense eruption of activity. A series of name-brand media stars have been given or have gone off to create their own platforms. Nate Silver, the once-independent statistician-blogger who was retained by the New York Times for coverage of the 2012 election, left that venerable publication to launch a site under the ESPN-ABC umbrella. The Times moved to fill the vacuum left by Mr Silver with an internal venture led by David Leonhardt, previously an economics journalist and Washington bureau chief for the paper. Just last week, the media world was stunned to learn that Ezra Klein, founder of the Washington Post’s influential Wonkblog, would be leaving that paper to launch his own media venture.These moves have prompted a broad conversation about the economics of the journalism business in this new media world. I don’t have much to add to that conversation, not least because it is very early days and the business models aren’t entirely clear. But there is another aspect of this mini-revolution that does deserve more discussion.Each of these ventures has generated its own labour demand; Mr Klein’s new site has already attracted Melissa Bell and Dylan Matthews away from the Washington …

Link to article: www.economist.com/blogs/freeexchange/2014/01/labour-markets-0?fsrc=rss

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