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He's talking about actual news sources, not syndicators who resell news to optimistically obtain ad impressions.

Here's a typical actual source of news:

http://www.reuters.com/tools/rss

My local dead tree newspaper takes those reuters stories, wraps them in some style, some local color, some lasagna recipes, and tries to resell the reuters stories for the ad impressions. Its a dying industry because I can just subscribe to a reuters feed... Of course a feed like

http://feeds.reuters.com/Reuters/worldNews

Must be 1000 news stories per day, at least some days. MostRead is somewhat saner, maybe a post every two hours or so (depends on the day).

I would pay for a reuters feed. Maybe not much, but I'd pay something, maybe between $12/yr and $52/yr. I wouldn't pay a penny to a small time syndicator who merely adds lasagna recipes and local high school sports team stories.

One problem with a site like bloomberg is you've got something a cross between machine generated infotainment and a feed of news releases better obtained from the sources anyway. I'm not sure "journalism" counts as "news" anymore, if it ever did.



Bloomberg has a staff of more than 2,400 journalists and editors.[1]

This is the same Bloomberg that sued the Federal Reserve to make them release the names of the recipients of the Fed's emergency loans.[2]

[1]http://jobs.bloomberg.com/go/News-Jobs/356821/

[2]http://en.wikipedia.org/wiki/Bloomberg_L.P._v._Board_of_Gove...




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