A new report asserts that changes in journalism caused by the internet constitute "an epochal transformation, as momentous probably as the invention of the telegraph or television." Readers are attracted to online news for three major reasons: "News can arrive continuously and be accessed anytime, the choice of news providers online is much greater than in print or traditional broadcast, and most online news is free." But the lack of good business models, warns the report, poses a threat to quality.
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