I anguished over whether to weigh in on last week’s $595-million government-aid package for journalism because it’s deeply personal for me.
I’ve spent almost 20 years in traditional media, studied disruption theory in academia and now, I’m an entrepreneur trying to play a part in journalism’s future.
I’ve gone through staff rosters with a red pen deciding who would be eligible for a buyout or be laid off. I’ve faced hiring freezes and been forced not to give holiday bonuses. I’ve watched journalists—far more accomplished than I will ever be—cry in my presence as I terminated them without cause, giving them nothing more in return for their years of service than a small severance. I am well aware of the cold, harsh realities of our craft.
And yet, in spite of this, I still don’t think government intervention was needed.