[lisarea]

I haven't listened to that yet, so maybe they mention this. Journalism is one of those jobs that's overrun with people working for free or inexcusably cheap. Remember that story about Bustle, the well-funded startup website for ladies that was paying freelancers $100 a day for recent journalism graduates and up to $200 a day for those with lots of experience? I think it's relatively uncommon to see pay like that for such a well-funded, high profile publication, but that guy is explicitly known for getting people to write for free or close to it. I suspect it's that business model that was responsible for the VC moreso than the stated focus of it being the first website for ladies or whatever. (It sucks either way, though.)

That's what's happening. People willing to work for free or cheap are saturating the market with high churn "content." It's not really their fault that they suck, but it is collectively their fault for dragging down the market.