What is journalism worth?

In the latest installment of this conversation, Steven Perlstein of The Washington Post pens a good summary of the issues involved.

His conclusions: The good stuff is going to cost -- and cost more. (But my open question: Will anyone buy it? Or at least enough to make it sustainable?)

And this: But in the end, I suspect, our industry, like most others, will come to be dominated by a handful of national and super-regional news organizations that can offer readers and advertisers a full range of differently priced news products through a variety of media.