Jay Rosen weighs in on newspapers in a brave new world at the Britannica Blog.

One weakness of the old subsidy system was that it hid the true cost of serious journalism from the people who benefit. Instead of finding new ways to hide the cost, a wiser course might be to increase the number of people who understand that serious reporting is a public good, who have a grasp of the economics. In other words, public opinion might have to come to the rescue.