Can Journalism Be Saved From The Internet?
Last week, prominent tech site Gigaom ceased operations with the terse note “Gigaom recently became unable to pay its creditors in full at this time”.
Started in 2006 by Om Malik, the site had raised about $40 million over that period to create a technology news site, an IT analysis business and another business running IT events. None of them could make enough money to cover the $400,000 a month needed to keep the business going.
For a site that covered the future of journalism and media in detail, it turned out that it had little insight into how to succeed in a landscape that is setting…