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The problem with many papers is not what they charge for what they do. It is what they actually do. A vast amount of content duplicates information available elsewhere. In any other industry, we would call this overcapacity. The reallocation of resources that must come, towards investigative journalism and high-value comment and analysis, will be more painful for some newspapers than others, and competition is much fiercer in a multi-platform world.
— Truth to…colleagues. Stephen’s column in The Independent
