You Can’t Subscribe to Everything

Information does not want to be free: good content is scarce, and scarcity has value.

Dan Perry photo

That the news industry is reeling is not a matter for debate. And if there is one data point that should focus the mind for its executives — and for anyone who cares about journalism — it probably is this: for most outlets, most readers arrive from other websites, search results or social media shares.

Let’s look at my hometown paper, the …