Earlier
I wrote about how the future of print was like the future of passenger trains.
In
that post I noted that asking about the future of print today is like someone in
the 1970s asking about the future of passenger trains.
That,
I said, was the wrong question.
A
better question back then, when travel by train was declining, was: “What’s the
future of transportation?”
That
was a better question because passenger trains would cease to be the main way
people in North America got around.
As
we all know, airplanes won that battle.
Passenger
trains still exist today. In a few places, where there is a large population
base and short distances, they make sense.
But
for the majority of people, they are not the main way to travel long distances.
Similarly,
we shouldn’t be asking about the future of news on print.
Rather,
we should ask about the future of communication—print, like passenger trains,
will not be the main way most people communicate in the future.
That
was my previous post. So what’s the new connection between print and passenger
trains?
Like
passenger trains, I believe print will still exist in the future.
But also like passenger
trains, it will play a niche role.
But if news in print is going to exist, it will not pay its own way.
It will need to be subsidized—just
like passenger trains.
A
case in point is the trip The Canadian, VIA Rail’s signature long-distance
train from Toronto to Vancouver.
It’s
a great way to travel—if you have the time and money.
A
one-way trip from Toronto the west coast costs $448 in coach, sitting up all
the way for three days. (It costs $315 to fly that route in a few hours.)
Even
then, the train doesn’t pay its own way.
In
2013, the Canadian government provided a subsidy of $475 per passenger on the
long-distance train.
It’s not
much different in the U.S.
Outside
of the northeast corridor, where fast trains that travel short distances
between large cities can earn their keep, long-distance passenger trains lose
money.
According
to one source, the average subsidy per rider from New York to Los Angeles is over $1,000.
The
estimated round trip subsidy per passenger for a Denver-Chicago trip is $650.
So:
What does this have to with news on print?
Just
like how passenger trains haven’t gone away, there will always be a role for
news in print.
But
just like passenger trains, news on print won’t pay its own way. It will need
to be subsidized.
To
be honest, news in print in newspapers and magazines has always been “subsidized.”
It’s called advertising.
Circulation
alone has never paid the bills for newspapers. At best, it paid for paper and
printing.
But the journalism? That was paid for by advertising.
But
now that advertising in newspapers is in serious decline, that “subsidy” is
under threat.
What
will replace it? That’s the big question.
A
few are calling on the government to step in—a uniquely Canadian response.
Some
are suggesting that newspapers become non-profits, like NPR in the U.S. where
donors can get a tax receipt for their donation.
A
few newspapers are trying to build new relationships with
readers, to see if they can attract enough people to keep going on circulation
revenue alone (whether in print or online).
Whatever
happens, I think some news in print will continue.
But
like for passenger trains, some sort of subsidy will be required to keep it going.
Either
that, or that particular way of sharing information train will leave the
station for the last time.
P.S. I am aware that
airplane and car travel also is subsidized by the government in various ways—we
don’t pay tolls to travel on the roads, for example. So maybe subsidizing
information that contributes to the good of society wouldn’t be such a bad
thing.
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