The shape of journalism has been changing rapidly in the past several years, but it still comes as a shock to hear that a media company as dominant as Time Inc. is bulldozing the barrier between business and news.
According to the New York Times, “the newsroom staffs at Time Inc.’s magazines will report to the business executives. Such a structure, once verboten at journalistic institutions, is seen as necessary to create revenue opportunities and stem the tide of declining subscription and advertising sales.”
As Andrew Sullivan, himself no stranger to inventing new ways to make money off news, puts it, “This is the way the press ends. Not with a bang but a revenue opportunity.'”