The Internet Isn’t Destroying Journalism; It’s Restructuring the News Business

The Internet is bringing restructuring to the news industry. But what, if anything, does the shift from vertically integrated newspapers to specialized information services tell us about the state of journalism? After all, the car, aerospace, and computing industries all became much bigger, more innovative, more efficient, and more global after they adopted a focused-supplier approach, and these changes greatly benefited consumers. The restructuring of the news business will likely do the same. Just as we should adopt a broad definition of “news” that encompasses its many forms, we also need to decide what we mean by “journalism.”