It isn't exactly news that newspapers
are facing some serious business difficulties. But if you haven't been keeping up with the business of journalism (and who could blame you since most of the news is crap
), you might have missed seeing that some tech billionaires are starting to invest in journalistic endeavors. Sure, billionaires have always owned all the major news organizations (eg. Hearst, Bloomberg, Zuckerman), but the key part here is that technology-savvy
billionaires are getting into the game. Maybe that small detail will matter. Or Maybe it won't. In case you haven't been reading any of this news, here are some examples of this billionaire buying trend.
If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post