Originally Posted by
Raffles
All true, but you missed my point - where is the blog for your average NYT / New Yorker reader? Frequent Miler seems to be the most 'intelligent' US site but that is a fairly low bar.
The average NYT and The New Yorker magazine readers are a dying breed in ways; and the average NYT reader in the US isn't really all that high brow either.
There's way more money to be made by not narrowing down to a tiny, shrinking niche market than there is in narrowing down to a tiny, relatively shrinking sliver of the overall market. The same FT-spawned blogs that cater to the NY Daily News crowd also are used by even The Economist and New Yorker subscription crowd that is in this game. This isn't a market failure, it's the market at work.