Saving the Media: Capitalism, Crowdfunding, and Democracy

Title Page
Copyright
Contents
Introduction: For a New Form of Governance
Lost Illusions
The Media Are Not a Commodity
Media and Democracy
Saving the Media
1. The Information Age?
Information beyond the Media
Diversity of Legal Forms and Financing Arrangements
What Is News?
Journalists and Press Credentials
The Changing Size of the Journalistic Work Force
A Revolution in Journalism
Fewer and Fewer Journalists … per Paper
From Print to Web
Has Quality Content Decreased?
Has Online Content Increased?
2. The End of Illusions
The Birth of Ad-Supported Media
The Illusion of Ad-Supported Media
Less and Less Advertising
The Illusion of Competition
The Limits of Competition
The Perverse Effects of Competition
The Illusion of Vast Internet Audiences
The Illusion of Subsidized Media
The True Importance of Press Subsidies
Subsidies in Context
Reforming Subsidies to the Press
The Illusion of a New Golden Age
The Death of One Kind of Freedom
3. A New Model for the Twenty-First Century
Transcending the Laws of the Market
The Market
Nonprofit Media Organizations
Governance and Stock
Existing Nonprofit Media Organizations
The Price of Independence
Limits
Cooperatives
A New Model: The NMO
Capital and Power
Voting Rights in NMOs
Illustration
The Advantages of the NMO Model
An Alternative to Press Subsidies
Conclusion: Capitalism and Democracy
Replacing the Stagecoach
Endgame?
Notes
Index