The advertiser acquires no more rights in the newspaper than the subscriber. He is entitled to use the space for which he pays by the insertion of such material as is approved by the editor. He gains no interest in any other part of the paper, and has no more claim to any space in the editorial columns, than any other one of the public. To give him such space would be unbusiness-like, and the extension of a preference which would be unjust to the rest of the public. Nothing more quickly destroys the character of a journal, begets distrust of it, and so reduces its value, than the well-founded suspicion that its editorial columns are the property of advertisers. Even a religious journal will, after a while, be injured by this.
Yet it must be confessed that here is one of the greatest difficulties of modern journalism. The newspaper must be cheap. It is, considering the immense cost to produce it, the cheapest product ever offered to man. Most newspapers cost more than they sell for; they could not live by subscriptions; for any profits, they certainly depend upon advertisements. The advertisements depend upon the circulation; the circulation is likely to dwindle if too much space is occupied by advertisements, or if it is evident that the paper belongs to its favored advertisers. The counting-room desires to conciliate the advertisers; the editor looks to making a paper satisfactory to his readers. Between this see-saw of the necessary subscriber and the necessary advertiser, a good many newspapers go down. This difficulty would be measurably removed by the admission of the truth that the newspaper is a strictly business enterprise, depending for success upon a ‘quid pro quo’ between all parties connected with it, and upon integrity in its management.