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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

A great business opportunity

By Megan McArdle
Apr 8 2008, 1:31 PM ET Comment

This is most of my (slightly edited) response to one of Glenn Greenwald's angry readers who has declared that he is no longer reading the MSM, and that good journalists could make readers interested in any topic. I thought it worth sharing:

If you think that it is possible to make the public read about anything, I invite you--or for that matter, Glenn Greenwald--to go do so. There are a large number of good journalists out there. Hire them, and send them to write the stories you think everyone is deliberately undercovering. Then sell lots of papers with those stories in them. It should be a simple matter to make money doing this, since the only thing required is to have good journalists. If your thesis were true, this would be an excellent place to put all of your retirement savings.

But in fact, you'd lose everything. People wouldn't buy the paper if the headlines didn't interest them. It is hard to make people read stories in a paper they don't own.

If they did buy it, they would skip past the stories that we're supposed to force upon them. There are plenty of usability studies about how people consume media. I suggest that you go read them before blithely asserting that the media have some vast untapped power to make people read things that they don't care about.

Nor is there any previously unexploited reservoir of interest in these topics. The broadcast media have extremely good data on exactly what people watch, and when they choose to change the channel; stories like the ones that Glenn and I want to cover are the ones that make them flip the channel. Web media have very good data on what people read and how long they read it; stories like the ones that Glenn and I want written do not attract large numbers of readers.

I think it's great that you and people like you are seeking out different voices. But there is no conspiracy, not even of the cosy oligopolistic "why bother" type. Almost every journalist in Washington came here wanting to cover the kinds of things Glenn Greenwald wants written about; almost every editor here was one of those reporters, and assumed their current job hoping to break these kinds of stories. They are simply limited by the tastes of their readers.


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