Paywalls and the problem of competition
Clay Shirky has brought forth another long piece on the economics of the paywall business that’s worth a read. I’d just like to highlight a single sentence, though, as I think it’s a point that’s missed far too often in discussion of the economics of content online:
Newspapers compete with other newspapers, but newspaper websites compete with other websites.
Not with other newspaper websites, but with other websites in general…
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