I agree that political journalism and newspaper journalism is suffering.
But there's a big opportunity for journalists and industry analysts serving medium sized businesses in the US that are B2B in nature.
Here's the angle. Big companies are served by national advertising and they can afford to pay to reach mass markets. Small mom and pop operations are served by local newspapers and magazines. But where a lot of the growth has to occur is at mid-range companies selling a Business To Business (B2B) product.
Now a lot of tech companies fall into that category. And those companies sell in a very narrow niche. TV, newspaper and yellow page advertising is no value to them because they are so specialized. The customers they are trying to reach are often not local or even regional. They are all over the country, or even international.
But an industry journalist who covers their niche can serve them well and spread the word about them to the tight-knit group of people they want to reach.
This is what I do for a living, and I'm exploring the idea of working with other journalists who want to own their own operation and I assist with systems and consulting.
If anyone is interested, check out the outline of a seminar I gave on this topic here in Georgia.
Please feel free to contact me if you'd like to get the PowerPoint for this seminar.
I did some thinking on this subject and feel there's an opportunity for more than 5,000 US jobs for industry journalists who address these niche markets. Here's my calculation based on US Census data.