“You can’t send someone to Rwanda for a month on the kind of revenue earned from pictures of cats!” - Blake Eskin, New Yorker web editor
“According to TIME Magazine, the website was acquired by a group of investors in September 2007 for US $2 million.” - Wikipedia entry for I Can Has Cheezeburger
This isn’t a fair comparison. $2m is (in theory) the value of all of ICHC, discounted to the present, not the revenue generated in one month. And $2m isn’t going to fund quality international journalism for very long. The problem is a serious one - international journalism is rarely profitable but is IMO a public good. And I haven’t yet seen any successful attempts at solving this problem.
Notes
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fogelmania reblogged this from chrismohney
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barthel liked this
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sarahheartburn liked this
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jared liked this
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sitarteli reblogged this from spiers and added:
This isn’t a fair comparison. $2m is (in theory) the value of all of ICHC, discounted to the present, not the revenue...
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peterfeld liked this
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popularfavorites said:
You can’t send them there for a month but it is possible you could have them installed in their own fiefdom on that kinda revenue. I think that’s what Eskin was getting at.
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maura liked this
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spiers reblogged this from chrismohney
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ryanbrown said:
You can’t send pictures of cats to Rwanda on the kind of revenue earned from New Yorker web content!
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chrismohney posted this
