overheads
On journalism and scale Paid Members Public
Felix Salmon [http://blogs.reuters.com/felix-salmon/2012/11/06/the-ft-in-play/]: > And there’s another inconvenient fact for would-be acquirers of the FT: journalism doesn’t have economies of scale. The bigger that journalistic organizations become, the less efficient they get: salaries rise, new layers of editors and managers
