"This working paper argues that business models capable of supporting independent media are decreasingly available, that media markets are increasingly fertile territory for government co-option and that alternative sources of revenue for independent media are scarce." (Page 3)
1 Information as a public good in an age of infodemics and democratic recession, 4
2 Why is the media market broken? 7
3 Public subsidy: different lessons from history, 10
4 The pros and cons of different public subsidy models, 12
5 Evolving concepts of public subsidy, 20
6 Incentives for government subsidy to independent media, 23