Perhaps that's an oversimplification, but the whole argument is really pretty simple. Here's the nut graf from a discussion aimed at finding new journalism business models:
Scott Rosenberg takes that starting point and spins it out with a bit more subtlety than the Y Combinator post did. Neither view perfectly reflects what I think about the issue, but both perform the important – no, crucial – service of insisting that simply thinking about our new problems in old ways is certain to be inadequate.
I am increasingly convinced that filtering, selecting and verifying the news that matters most into an accessible package is a service that will make money – enough money to sustain sophisticated accountability journalism. I don't agree that the whole future of news rests with small, decentralized pro/am operations of increasing specialization and ever narrower niches.
But I know we need to explore all the options, and I certainly agree with Rosenberg on this point:
The old bundle of information services and advertising that supported print journalism is gone, Humpty-Dumpty style, and nobody’s going to glue it back together. A deeper rethinking is needed, and those of us who want to see journalism thrive ought to be working hard to come up with answers to Graham’s question.