Impact of the Internet on Old Media Business Model

The internet has disrupted the traditional business model of old media, such as newspapers, by uncrossing the subsidies that used to support journalism. Previously, newspapers relied on revenue from classifieds, car ads, and apartment listings to subsidize high-quality journalism. However, the internet has unbundled these subsidies, as people now directly visit car-selling websites or use search engines to find what they need, causing a significant impact on the revenue and sustainability of traditional media.