Ethan Zuckerman: Print Ad Prices Are “Fundamentally Irrational”

Advertising has long been the main source of revenue for mainstream journalism — but have advertisers ever really gotten their money’s worth? On Jan. 16, Ethan Zuckerman of Harvard’s Berkman Institute on Internet and Society examined the economics of print vs. online advertising and posed a very basic — but crucial — question that everyone in the news business probably should consider carefully: Is ad-supported journalism viable in a pay-for-performance age?

Here’s his line of reasoning. I think he makes a very going point….
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