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But there’s a key part of the economics of journalism which I haven’t covered yet — and that’s the question of costs, specifically the costs of producing the stuff. On its face, journalism is a classic scalable commodity: once I’ve written this post, for instance, it can be read by a million people as easily as it can be read by ten. And so if it’s published by a big journalistic organization with wide reach, ideally one where a substantial and talented business team can help build lots of pageviews which they then sell to deep-pocketed advertisers, then a fixed cost (me) should be able to support lots more revenue than I could at a smaller site.
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