The new conventional wisdom is that sooner or later, consumers are going to have to start paying for some of the stuff they’re currently getting for free on the Web.
But will they actually pay up?
My gut says that people love consuming news, but only in the broadest sense – Obama doesn’t really Twitter! What was Belichick thinking? — and that sort of stuff, which appeals to a very large audience, will always be free, and you’ll get it from Google (GOOG) or something like Yahoo (YHOO). Which leaves you with a small audience willing to pay for everything else.
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