Others, like former Wired editor Evan Hansen, who recently joined Ev Williams’ blogging start-up Medium as an editor, dismiss the idea that the switch has anything to do with job security. “This is not about finding a safe place to keep doing the same old same old, but about inventing something new and having a place at the table with tech innovators who have the capacity to actually build it,” he said.
And then there’s the money. While leaving a traditional newsroom for a younger tech company is still risky, there’s at least the promise of stock options and the lure of a grand exit, which are both exciting as well as rare opportunities in media, a field not known for its exorbitant salaries. In the not-so-distant past, a successful tenure as a reporter or editor could mean a corner office or a cushy columnist job at an elite publication — or perhaps an offer to “sell out” to a more lucrative job at a codependent PR firm. Today, it could very well mean a modest buyout as the company clears room for younger reporters with lower salaries.
I think that in the next five-to-ten years the news media is going to reach some kind of equilibrium, either through the use of paywalls or through better forms of advertising. What I’m hoping – for my own career’s sake – is that once that point is reached, sites will be able to slowly expand and we can go back to the days of stable careers at institutions that aren’t on the verge of failing.
Mostly because freelancing sounds incredibly stressful.