Monday, February 19, 2007

Be careful of this man

In the Wall Street Journal today (online) Steven Rattner laments the failure of newspapers to make money. People— especially young people—simply don't like to read them much anymore, preferring alternative sources of information:

Perhaps most worrisome is the loss of young readers, who have drifted away steadily since the early 1970s, long before there was an Internet, when more than 70% of 18- to 34-year-old Americans read a daily newspaper. Last year that figure stood at 35%.

His solution? "We could create a pool of money (possibly from a license fee similar to how the BBC is funded)."

And how is the BBC funded? They simply tax every household with a television set $260.00 a year and give it to the BBC so that they can make whatever programs they wish, regardless of demand.

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