I fully expect that most tele­vi­sion journ­al­ists will not have dived into a copy of Switch­ing Chan­nels: Organ­iz­a­tion and Change in TV Broad­cast­ing by Richard E. Caves. Freako­nom­ics it is not.

But Caves is the guy (ok, Nath­aniel Ropes Research Pro­fessor of Polit­ical Eco­nomy at Har­vard) who sug­ges­ted some­thing that may be appeal­ing to journ­al­ists when con­sid­er­ing the news media’s cur­rent eco­nomic plight. Con­tinue read­ing →