Nicholas Lemann reviews George Brock's book Out of Print, which is about the future of news:
In the United States, newspaper advertising revenue – the main source of economic support by far – was $63.5 billion in 2000. By 2012 it had fallen to $19 billion. (During the same period, advertising revenue at Google went from zero to $46.5 billion.) Employment in the American newspaper industry fell by 44 per cent between 2001 and 2011... Brock is so persuasive at presenting professionalized journalism as a late and unexpected development in the history of the press that he can then suggest that it might simply disappear without sounding melodramatic or alarmist.
Link via The Browser.