Is the Techcrunch method a rational move for top journalists?

We already see this development in AOL and Politico, so I think many good journalists will shift from traditional news to web 2.0 in the next few years. It will just be a matter of two or three years before the journalists students wet dreams will be all about being employd in some Politico-like website ;-)

"That’s $25 million/year to have a well paid staff of the best journalists on the planet. How long before they outstrip those 16 million monthly visitors and 124 million page views? 5 years? Less?

How many private equity funds would kill to put $100 million behind the NNYT to make sure the company had plenty of money until it reached profitability?

My guess is plenty. And Marc Andreeseen, who has already backed two blogs, may be the first in line to invest. And I know a couple of hedge funds that would be right there, too. I know this because they’ve pitched me on a vision not much different than this one."

http://www.techcrunch.com/2009/07/30/what-if-the-new-new-york-times/