Journalism: What's it worth?

The perdicament brought up by Jacob Weisberg arises the idea that news/journalism is wasted by being free.
The internet allows information to be read by anyone at no cost, and many editors believe this is a huge mistake. "A successful digital business model demands revenue from users as well as from advertisers."
Looking into the past, the most profitable orginazations were local news works controlled by families, that were the dominant source of information and thus yielded a high income.
My biggest thought on this is that what has been made common, (free knowledge) will be hard to change. What will the rammifications of suddenly charging for CNN.com, or the weather application on your computer or iPod? Will companies make ANY money from doing this?
I assume that such a drastic change won't simply happen any time in the near or even distant future, but i believe it raises a valuable point about getting something from nothing, that can be considered in many subjects besides journalism.

Champions of NYC

This past weekend the Eastman Youth Jazz Orchestra (EYJO) took part in the first annual Mingus Summit competition. A group of selected finalists from all over the east coast competed, all playing music composed by an influential jazz composer named Charles Mingus. The EYJO, a 21 piece jazz orchestra, left Rochester Saturday February 21st, and returned home on Monday the 23rd as 1st place winners.
The competition took place at the Manhattan School of Music. Great edudacators and world class/professional musicians gave comments, and put on amazing performances.
I, Will Rus, play 1st alto sax in the group. I have to say the most memorable part of the trip was either hearing the world renown Lincoln Center Jazz Orchestra play, or witnessing a sax player in another band go on a rampage on stage, spinning and jumping while playing a sub-par solo (my opinion obviously) in front of college proffesors.
The EYJO plays shows all over Rochester, especially in the upcoming months around the Rochester International Jazz Festival.