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Julia Turner's avatar

Thanks for writing this essay, which is so wise! Getting the business of news right these days is such a long shot, there's no time for the kind of cultural misalignment that can happen when appointments like this go wrong.

I was talking to one business person about the economics of a publication I worked at (just a friend, not someone on the team) and he suggested we just spin off the parts of the business that were working and kill the rest of it. (The rest of it being, of course, almost all of the journalism.) A good reminder that so many business minds jump to "blue sky--what successful business could we make out of this place," rather than starting with "how can we help this institution execute its important mission in an economically sustainable way."

There is plenty to evolve in how most of these places execute their missions, and how they fund their work, but pure business logic isn't always the most useful framework to apply.

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Rich Jaroslovsky's avatar

Well said. The flip side is that more journalists need to spend time to actually understand the business they’re in.

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