Audiences Don't Pay for Content
[Commentary] The media industry needs to get healthy but we won't get there if we think about the Internet as the reason that consumers have stopped paying for content. Instead, we need to take a dispassionate view of mass media content and ask ourselves why the Internet is a reason that consumers should start paying for content.
The reader willingly pays for access to an infinite amount of content even though they are only able to absorb the tiniest slice of what they pay for. This makes sense. The audience for mass media cannot be expected to predict which content they will want to see in the future. Breaking news, new needs, time management and serendipity play a role in the content the consumer decides to ingest each day. The value of mass media to the consumer is much greater when they do not have to micro-manage their needs.