Making money from news

There's an interesting column by a Peter Osnos, who is a senior fellow for media at The Century Foundation, online now about news media returning to the idea of making money for their information.

In case you haven't heard of The Century Foundation (don't worry, we hadn't either), its Web site says this:

The Century Foundation, founded in 1919 by the progressive businessman Edward A. Filene, is a nonprofit public policy research institution committed to the belief that a mix of effective government, open democracy, and free markets is the most effective solution to the major challenges facing the United States.

Here is one paragraph from Osnos' column. Read the entire column by clicking here.

What has happened with the Internet so far is that the suppliers of hardware, software, and transmission (search engines and aggregators) have built business models that effectively shut out revenue streams for the creators of the information that is being delivered. What has become absolutely clear in 2008 is that this new model for delivering information is a debilitating blow to the creation of quality news content. The companies making money from the internet—Google, Yahoo, Microsoft, Amazon, and so on—are entitled to the riches they’ve amassed from their ingenuity and entrepreneurial skill. But as a society, we’ve got to figure out how news gathering and information distribution will be paid for from now on.

Osnos offers his own ideas on how to accomplish that. Whether anyone is willing to try out these ideas is anyone's guess.

What are your thoughts on his ideas? Add your comments below.

P.S. By clicking on the link at the top of this column, not only will it take you to a short bio of Osnos, but an index of previous columns, including one titled "Support Your Local Newspaper."