For future journalists, it’s cash, not causes

The Plain Dealer:

“They want to keep the baby-boomer lifestyle to which they’ve become accustomed,” said a professor at a school that boasts a boatload of Pulitzer Prize winners among its alumni. “The thought of starting out at $25,000 or $30,000 to expose corruption and champion the underdog just doesn’t do it for them. They have no interest.”

Oct. 17 Follow up: Reporting the news for the love of the jobThe newspaper business has a long tradition of exploiting hardworking journalists, particularly young ones, with long hours and low pay. This is especially true at the smaller dailies and weeklies that make up the majority of newspapers in this country.

Power Companies Enter the High-Speed Internet Market

NY Times: The idea of offering high-speed Internet service to consumers over their power lines has been around for years in Europe, but the U.S. is just now catching on. Story focuses on efforts by Cinergy, which Duke Power plans to buy.

Also from Atlanta Business Chronicle: BellSouth, Yahoo! team up online. The two are join to offer high-speed package in BellSouth’s region, but not until late 2006.

Students Discover Economics in Its Natural State

NY Times: Interesting article by Robert H. Frank on a introductory economics student assignment “to use a principle, or principles, discussed in the course to pose and answer an interesting question about some pattern of events or behavior that you personally have observed.”

Why? “The initiative was inspired by the discovery that there is no better way to master an idea than to write about it.”

Forget Blogs, Print Needs Its Own IPod

From NY Times:

The newspaper business is in a horrible state. It’s not that papers don’t make money. They make plenty. But not many people, or at least not many on Wall Street, see a future in them. In an attempt to leave the forest of dead trees and reach the high plains of digital media, every paper in the country is struggling mightily to digitize its content with Web sites, blogs, video and podcasts.

And they are half right. Putting print on the grid is a necessity, because the grid is where America lives. But what the newspaper industry really needs is an iPod moment.