I was running on a hot day in Denver, bikes whizzing past me ("On your left!") thinking about online media when I hit on an analogy that might explain why I love blogging so much and why I find the newspaper apparatus so interesting.
Digital media is like a fixie*. You've probably seen fixed-gear bikes if you live in a big urban area or have visited Portland. Unlike the 10-speeds we grew up with or a 24-speed mountain bike, fixies are set to a single gearing. That is to say, the relationship between a pedal rotation and a wheel rotation is fixed. (Perhaps at a ratio of 2.5 or 3: one full pedal rotation moves the bike forward 2.5 or 3 times the circumference of the wheel.)
That gearing does have some costs. Namely, the gears are expensive, heavy, and require more maintenance. And of course, the whole riding process is more complicated because you have to switch gears.
Fixies, by contrast, are (generally speaking) lighter and have fewer parts than bikes with more gears. Less maintenance is required. Some even have no brakes (although most fixies you see in a city do). Plus, there's still a whiff of countercultural street cred thanks to these bikes' association with bike messengers and overall badassness.
To spell out the analogy: pedaling is the reportorial/analytical work of journalism and the distance the bike moves is the amount of output (posts, etc) that comes from that effort.
At most online media outfits I know, people just pedal as fast as they can with posts spinning out of that work in very simple ways. What you report and analyze, you write. It's hard work, but conceptually easy. The whole process of publishing is stripped down to the essentials. The apparatus doesn't have a lot of costs.
OK, now for my key point: editors are gears.
Without being too mechanistic about the analogy: editors can change the way effort is distributed. They can gear down and have reporters pedal like crazy without posting a ton of stuff. They can throw a bunch of effort at a story so that it can move really quickly. This was really clear during the Boston Marathon bombing coverage. A machine like the Boston Globe can do things that are amazing, in large part because they have a bunch of editors who can direct things. That task is a lot harder in very flat online media organizations that don't have much editorial gearing.
This is not an argument about whether online media is better or worse than previous ways of publishing news and analysis. But it is different, and I wonder if online media companies won't start adding gears, taking on complexity in order to give themselves more flexibility in different reporting situations.
* Just to point out the obvious joke that some will be tempted to make: "Oh, it's like a fixie? You mean a BS hipster trend that's going to disappear in a couple of years." Yes, I get that as a joke. No, that's not what I mean.