More bad news. Local newspapers are disappearing (and John Gapper questions whether they'll be missed). Another publisher is laying off employees and the venerable Newsweek is cutting staff and content. National Public Radio is also downsizing (much of its funding is tied up in an endowment, which is suffering along with the stock market).
However, it appears there's money to be made in YouTube videos. Michael Buckley makes a living hosting his own comical "celebrity chatter" show online.
Mind you, he wasn't an overnight success. "I was spending 40 hours a week on YouTube for over a year before I made a dime," Buckley said. But he was able to quit his day job after working on this show as part of YouTube's partner program.
So, you too can be a self-made Jon Stewart or Stephen Colbert. If you have the chutzpah, time and energy, that is.
Imagine what Andy Warhol would have to say about all this. With so many people appearing on YouTube (paid or for free), maybe 15 minutes of fame was an underestimate.
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