Mother Jones does the Math on Journalism's Collapse There's some smugness and contempt in this article but the overall story is grim and well told.
One thing that struck me about the list of papers closing, is how many of them are on my favorites or at least off my contempt list. The Guardian, Salon, and Al Jazeera America for example, have
done great reporting. That generally means rich and powerful people will want to shut them down by starving them of advertising in one way or another.
all the big new digital shops today employ, between them, a few thousand journalists—compared with the ten-thousand-plus laid off in the great retrenchment of 2007 to 2010 ... A reporter doing even modestly original work might produce five stories a week (and that's not allowing for anything more than a few phone calls and a couple of rounds of editing per piece). If each of those stories gets, on average, 50,000 readers, and each of those page views generates $0.01 (again, a very generous rate), you'll end up grossing $2,500 a week, or $130,000 a year, with which you'll have to pay the reporter and her editor, their benefits, web tech, sales and ops staff, taxes, insurance, electricity, rent, laptops, phones.