How to Save Journalism

Everyone agrees that a free society requires a free press. But a free press without the resources to compensate those who gather and analyze information, and to distribute that information widely and in an easily accessible form, is like a seed without water or sunlight. It was with this understanding that Washington, Jefferson, Hamilton and their contemporaries instituted elaborate systems of postal and printing subsidies to assure that freedom of the press would never be an empty promise; to that end they guaranteed what Madison described as "a circulation of newspapers through the entire body of the people...[that] is favorable to liberty." Two centuries after Madison wrote those words, American news media are being steered off the cliff by investors and corporate managers who soured on their "properties" when the economic downturn dried up what was left of their advertising bonanza. They are taking journalism with them. If our policy-makers do nothing, if "business as usual" prevails, we face a future where there will be relatively few paid journalists working in competing newsrooms with editors, fact-checkers, travel budgets and institutional support.