Many journalists interviewed for this piece—on both sides of the old/new-media divide—say that they are eagerly waiting for a 20-year-old to crack a Facebook-esque code of some sort, a college kid who will come up with a business model that will redeem the media world and everyone in it.
Might I say, as a young journalist, that's absolutely terrifying? And even the promising practices, the so-called future of the media, isn't really that concerned with being profitable, it seems.
"Take the Huffington Post, for example," says one analyst, who specializes in media at a private-equity firm. "They don't pay their writers, and who knows what the value of the company is. That company might not exist five years from now. It's the big success story, and it's not successful."
And so where does this leave us?
When I say I'll be an editor in chief, it won't be that you're an editor in chief of a magazine or a Web site. It'll be, you're the editor in chief of this title.
Hey, I'm already there!
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