Can Andrew Sullivan make post-industrial journalism pay?

Blogging superstar Andrew Sullivan dropped a bombshell on Wednesday by saying he is leaving The Daily Beast and setting up his own subscription-based website. Can he become the first prominent success story in what some have called the move towards “post-industrial” journalism?

Clay Christensen, newspapers and the cliff of despair

Like other industries that have been disrupted by new forms of competition, Clay Christensen says that newspapers were almost incapable of taking the steps they needed to take — even long after the danger of not taking those steps had become abundantly obvious.