In explaining How Not to Fix the New York Times, Felix Salmon identifies many assets that help make the Times so invaluable -- and which may be hard to replicate in a more fragmented media world.
The challenge for a New Media that seeks to replace newspapers rather than supplement them will be to either replace those assets, which include not only sources and clout but long-digging reporters and ever-vigilant editors -- or somehow find substitutes that get the same jobs done.
Hat tip: Daily Dish
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