The problem I have with most news outlets is the lack of interactivity. WSJ, NYTimes, etc. all view us as “consumers” and act with distrust around any desire we have to contribute (comments, trackbacks, etc.). News is a discussion, it used to be you’d read a paper and discuss it a few hours later with friends, spouses and workmates. Now things happen much more rapidly: No news outlet can compete on speed, conversation, and interactivity of blogs/twitter — and No news outlet can compete on quality, depth, clarity of magazines like The Economist, The New Yorker or The Atlantic.

News outlets are troubled. Many of them will have to massively scale down and become fact checking blog aggregators or massively scale down and only cover niche topics.