When the price of the news has dropped almost into zero because of the Internet, how is it possible to sustain any news business anymore. This is exceptionally vital question for foreign news, which is the most expensive sports of the news business. Here is one of the first academic scholars, who has explored the question. His name is James T. Hamilton, and he is Charles S. Sydnor Professor of Public Policy, Economics, and Political Science at Duke University.
Here is a good opportunity to hear and watch the man himself:
UC Berkeley/Graduate School of Journalism: "The Economics of News" with James T. Hamilton. (approx. 1hour)
And here is a link to his book: All the News That's Fit to Sell:How the Market Transforms Information into News (2004)
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