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19 May 09

From 'why?' to 'why not?', the internet revolution | Media | The Guardian

Great article by Clay Shirky on the changed status of media production, who owns it, who controls it, with an astute take on abundance. ("That era, when media were shaped by the scarcity of production and by the judgment of professionals, has ended.")

www.guardian.co.uk/...internet-future - Preview

clay_shirky newspapers journalism business_model online_media the_guardian

  • Prior to the internet, the costs of reproduction and distribution created an asymmetry of access: every time someone bought a radio or a television, the number of media consumers increased by one, but the number of producers didn't budge. The internet, on the other hand, moves the basic mechanism of reproduction and distribution into a lattice of shared infrastructure, paid for by all and accessible to all.
  • The computers connected to the edges of this network are not imbalanced as in the old model, where it cost a great deal to own a TV station but little to own a TV. Instead, they are balanced like the telephone - if you can listen, you can talk; if you can read, you can publish; if you can watch, you can record. This does not mean the average user can write a compelling novel or create a good film, but being able to produce anything at all is a huge change, relative to the consumer's previous silence.
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18 May 09

Scribd Invites Writers to Upload Work and Name Their Price - NYTimes.com

I've used Scribd for a while now - great service. This NYTimes article describes how it's moving into becoming a platform for e-publishing with a business model for authors/ publishers. Also meant as a diversification / challenge to Amazon's Kindle, and to Google.

www.nytimes.com/...18download.html - Preview

scribd online_book online_publishing business_model e-books nyt kindle

08 May 09

The Root Of The Matter: Emily Bell on The Future of Journalism

Excellent summary of a lecture by Emily Bell (head of digital content at Guardian News and Media). Bell gave the lecture at University College Falmouth, where she was just appointed visiting professor in the media degrees program. Her topic: "Journalism Ten Years From Now" - excellent insights. Bell also discusses the business model for journalism of the future: where will the money come from to support it? And there are some very surprising insights here, starting with "News has never been profitable."

web2watch.blogspot.com/...l-on-future-of-journalism.html - Preview

newspapers emily_bell journalism business_model

  • Unlike net-culture visionary Clay Shirky, though, Emily doesn't think that print journalism has no future. Print will remain an important part of reaching the audience - but it will not be the primary conduit for journalism in ten years' time. Instead, going by the 'clues' we can pick up from the way journalism is changing today, journalism in ten years will have some or all of the following characteristics:
  • 1. It will go where the audience is.
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28 Apr 09

Kenneth Lerer: How We Got Here and How We Get Out of Here

Transcript of Kenneth Lerer's speech at the Columbia Journalism School Annual New Media Lecture Series, April 23, 2009.
QUOTE
A lot of what we're seeing online today is actually a return, full circle, to the way things were when American newspapers began; a mixture of advocacy and investigative in-your-face journalism. There is a long and distinguished history of such newspapers -- from the papers that were fiercely loyal to Jefferson or Hamilton, to the abolitionist broadsheets, to the activist newspapers at the turn of the century. As my partner Arianna Huffington says, the mission of journalism has always been "truth-seeking, not striking some fictitious balance between two sides."
UNQUOTE

www.huffingtonpost.com/...t-here-and-how-w_b_191137.html - Preview

huffington_post kenneth_lerer newspaper business_model journalism web2.0

10 Mar 09

The Online Experiments That Could Help Newspapers - BusinessWeek

Business Week takes a look at how print media are going niche/ specialty/ local - and surviving/ making money. "The Bakersfield Californian is an anomaly in the newspaper business. While other papers are shutting their doors and filing for bankruptcy, it's expanding. The reason is the paper's 2005 launch of an online social network, called Bakotopia.com..."

www.businessweek.com/...tc2009038_509195.htm - Preview

businessweek online_media magazines newspapers business_model outside.in kachingle

  • The Web site has caught on to the point where Bakersfield Californian now publishes 20,000 copies of a free magazine with content from Bakotopia twice a month. The articles range from reviews of the local theater scene to goings-on at various hot spots.
  • Newspapers had hoped that their Web sites would help them replace evaporating print revenue. But an online ad typically garners one-tenth of the revenue of a print ad, estimates Rick Edmonds, media business analyst at the Poynter Institute. "The phrase in the industry is, 'You are trading dollars for dimes,'" he says.
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09 Mar 09

Bring on the techies: How Silicon Valley can help save newspapers | Media | guardian.co.uk

A Silicon Valley CEO addresses the newspaper business model. While not written in response to David Carr's NYT piece, it's a great riposte and refutation of same. Favorite bit:
QUOTE
Companies in Silicon Valley depend on having a fast-paced culture of innovation where no ideas are bad ideas, all voices are heard, technology is embraced not feared, and you are irrelevant if you aren't open to change. To achieve aggressive goals in competitive environments, teams have to work together without hidden agendas or obsessive attention to where in the chain of command a new idea originates.
UNQUOTE
I especially like the last clause in the last sentence. That "obsessive attention to where in the chain of command a new idea originate(d)" has dragged many a good idea into the Kingdom of the Cynical.

www.guardian.co.uk/...web20-web20 - Preview

the_guardian nathan_richardson newspapers business_model media

  • One day I was invited to a meeting to brainstorm about, of all things, the width of the Wall Street Journal. After I made a suggestion that was somewhere between novel and off the wall, the then-publisher leaned on the table, looked at me and said: "How old are you, young man?" The suggestion was clear: If you're under 40, you can't possibly understand the newspaper business. I still wish my response, though impolitic, had been: "How old is your thinking?"
  • While I don't have a quick fix for the newspaper industry's problems, I know one thing: The very companies that are ensuring newspapers' online traffic/existence should be leading the dialogue on their survival. Yahoo, Microsoft (NSDQ: MSFT), Google (NSDQ: GOOG) and AOL (NYSE: TWX) - not the editors, journalists and cadre of analysts who have led the newspapers to the brink - should be put in charge of identifying ways to keep a select number of news outlets viable.
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outside.in » Newspapers Should Leap, Not Stand

Rebuttal by outside.in's CEO to David Carr's NYT wishful thinking piece on locking down content and throttling the aggregators.

blog.outside.in/...wspapers-should-leap-not-stand - Preview

outside.in newspapers business_model aggregators

    • Here’s what is going on out there:


      • The cost to create and distribute information has dropped to almost zero.
      • Consumers don’t go find news, a recent study (I’ll find attribution) quoted someone saying “if the news is important enough, it will find me!”
      • Audience and therefore ad impressions are diffused to thousands of sites, including, yes, blogs.
      • Ad networks have more inventory in any given market than the big newspaper in town.
  • “no more free rides to aggregators”.  This one hits a bit close to home.  At Outside.in we aggregate local media, but we also add value to that media by organizing by location to make it easier for consumers and for newspapers themselves. (We then pass all that extra metadata onto anyone who wants to use it: newspaper or blogger.)  The problem with Carr’s idea here is that consumers have already decided that they expect an incredibly customized and personal news experience.  It’s “Me-centric” not “newspaper centric”.
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The Media Equation - United, Newspapers May Stand - NYTimes.com

This is the article everyone agrees is all wrong: David Carr argues that newspapers should lock the barn doors even though the horse has long left the stable...

www.nytimes.com/...09carr.html - Preview

nyt david_carr newspapers business_model

  • ¶No more free content. The Web has become the primary delivery mechanism for quality newsrooms across the country, and consumers will have to participate in financing the newsgathering process if it is to continue. Setting the price point at free — the newspaper analyst Alan D. Mutter called it the “original sin” — has brought the industry millions of eyeballs and a return that doesn’t cover the coffee budget of some newsrooms.

    The big threat would be that newspapers could lose the readers they have, lots of them. The mitigating factor is that a lot of those readers aren’t paying anyway.

  • ¶No more free ride to aggregators. Google announced that it would begin selling ads against Google News, with almost no financial accommodation to the organizations that generate that news. The book industry — of all Luddites — has extracted cash from Google, as did the wire services. Google, The Huffington Post and Newser have built their audiences and brands on other people’s labors.

    Most aggregators are not promoting newspaper content; they are repurposing it to their own ends. Newspapers’ audiences are harvested and sold divorced from the content that attracted them in the first place.

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02 Mar 09

Man Bites Blog: Hey, You Media Wimps! If You Want to Save Newspapers, Learn to Love Your iPhones, Then Go Join Facebook | The New York Observer

QUOTE
Contributing to this catastrophe has been newspapers’ stubborn refusal to consider any news-gathering and -analysis model other than the one that they were used to, one that, most crucially, relegated consumers to the role of passive readers instead of engaged users. It’s a mistake that happens all over the Big Media Debate: misinterpreting the limitations of our print past as prescriptions for our media future.
UNQUOTE

www.observer.com/...ers-learn-love-your-iphones-th - Preview

media business_model newspapers

  • (1) Media platforms should be bundled into technology platforms;


    (2) Premium access—one better than the failed TimesSelect project—will bring in revenue;


    (3) Publishers should work more on matching advertisers with users, which is a suggestion that might finally help break the growing, pernicious primacy of Google in raking in Internet ad dollars.

  • It’s also a holistic point of view that does not raise the phony dichotomies publishers have been beating their heads against for more than a decade: paid content versus advertising; print versus digital; professional journalism versus “user-generated content”; blogging versus reporting.
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26 Feb 09

But Who's Counting? (MIT Technology Review)

QUOTE:
Konrad Feldman, a cofounder of San Francisco–based startup Quantcast, sees big business in audience measurement.
UNQUOTE
No one really knows how many people visit websites - the measuring tools aren't available, but Quantcast and Google aim to change that.

www.technologyreview.com/...22122 - Preview

advertising business_model google page_views quantcast

  • Why care about something as arcane as dodgy audience measurement? Here's why: where content is free, as it is on most websites, the only thing that will pay for quality journalism--or, really, anything valuable at all--is advertising. For most new-media businesses, "display" or banner advertising is the main source of operating revenues. But the general inability to agree on audience numbers is stunting the growth of display advertising.

Forget Micropayments -- Here's a Far Better Idea for Monetizing Content

  • To start with, publishers have to get over the idea that they are going to get paid directly by the user. For the vast majority of a news publisher's content, there can be no barriers before an article asking the user if he wants to pay a penny or a nickel, or buy a $2 monthly subscription, to read on.


    The user must be given the option of whether to pay for a Web site's content (by financially supporting the site), or read it for free. I'm betting this one will be a tough pill to swallow for many industry executives with traditional media mindsets, but it's critical because it fits the culture, indeed the nature, of the Internet. Traditional micropayment schemes for online news content -- "pay up or go elsewhere" -- fight it, and thus are doomed to fail, in my view.
  • Newspaper executives also have to grasp the notion that few publishers will be able to get very many people to pay for their content specifically. The Wall Street Journal Online can do it, because many of its paid online subscribers are businesspeople who can charge the subscription bill to their expense accounts. Most other newspapers will only be able to charge online users directly for truly premium content that is not replicated somewhere else
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11 Feb 09

“BREAKING NEWS”: Why the New York Times and Harvard Should Merge « What’s the Big Idea?

"The business model – which is another way of saying the underlying purpose – of just about everything is changing right now, and that includes the university and the newspaper."

bobmassie.wordpress.com/...times-and-harvard-should-merge - Preview

bob_massie newspapers ideas harvard business_model

03 Feb 09

Everyblock's Dilemma: How Do You Open Source Your Entire Site and Survive? - O'Reilly Radar

Brady Forrest (O'Reilly Radar) ponders Adrian Holovaty's announcement that Everyblock will be opensource/ available. Some interesting comment responses.

radar.oreilly.com/...blocks-dilemna-how-do-you.html - Preview

everyblock local_news business_model open_source adrian_holovaty

  • Everyblock was funded through a Knight News Challenge Grant and they've come crossroads as Adrian explains:


    But now we've reached an interesting point in our project's growth: our grant ends on June 30, and, under the terms of our grant, we're open-sourcing the EveryBlock publishing system so that anybody will be able to take the code to create similar sites. That's a Good Thing, in that EveryBlock's philosophies and tools will have the opportunity to spread around the world much faster than we could have done on our own, but it puts the six of us EveryBlockers in an odd spot. How do we sustain our project if our code is free to the world?


    What do you think? How can they keep the project alive and perhaps even make it profitable if they are providing development resources to the competition?

19 Dec 08

From magazine warehouse to a printing facility « Manifest Magazine

Interesting idea by Manifest Magazine (Wahyd) to "replace" Cambridge MA's Out of Town News (which will close 1/1/09) with a print-on-demand shop.

Related to this: I left comments on Scripting.com and Doc Searls' weblog (both blogged this).

manifestmagazine.wordpress.com/...printing-facility - Preview

manifest_magazine newspapers business_model harvard cambridge_ma

20 Nov 08

Web Sites That Dig for News Rise as Watchdogs - NYTimes.com

Article about attempts by some alternative news organizations to recreate themselves as non-profits. Lots of interesting angles, from the demise (or at least being under siege) of traditional newspapers to the rise of alternative business models (embodied by the "watchdog" sites referenced by the article's title) for paying journalists/ newsrooms to stay in business.

www.nytimes.com/...18voice.html - Preview

nyt newspapers journalism business_model

  • As America’s newspapers shrink and shed staff, and broadcast news outlets sink in the ratings, a new kind of Web-based news operation has arisen in several cities, forcing the papers to follow the stories they uncover.

    Here it is VoiceofSanDiego.org, offering a brand of serious, original reporting by professional journalists — the province of the traditional media, but at a much lower cost of doing business. Since it began in 2005, similar operations have cropped up in New Haven, the Twin Cities, Seattle, St. Louis and Chicago. More are on the way.

  • The fledgling movement has reached a sufficient critical mass, its founders think, so they plan to form an association, angling for national advertising and foundation grants that they could not compete for singly. And hardly a week goes by without a call from journalists around the country seeking advice about starting their own online news outlets.
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10 Nov 08

Obama's Seven Lessons for Radical Innovators - Umair Haque

As usual, a brilliant essay by Umair Haque on Obama's win and what business can learn from it in terms of innovation.
QUOTE
Barack Obama is one of the most radical management innovators in the world today. Obama's team built something truly world-changing: a new kind of political organization for the 21st century. It differs from yesterday's political organizations as much as Google and Threadless differ from yesterday's corporations: all are a tiny handful of truly new, 21st century institutions in the world today.

Obama presidential bid succeeded, in other words, as our research at the Lab has discussed for the past several years, through the power of new DNA: new rules for new kinds of institutions.
UNQUOTE

discussionleader.hbsp.com/...s_seven_lessons_for_radic.html - Preview

obama umair umair_haque management innovation business_model

  • 1. Have a self-organization design. What was really different about Obama's organization? We're used to thinking about organizations in 20th century terms: do we design them to be tall, or flat?


    But tall and flat are concepts built for an industrial era. They force us to think - spatially and literally - in two dimensions: tall organizations command unresponsively, and flat organizations respond uncontrollably.


    Obama's organization blew past these orthodoxies: it was able to combine the virtues of both tall and flat organizations. How? By tapping the game-changing power of self-organization. Obama's organization was less tall or flat than spherical - a tightly controlled core, surrounded by self-organizing cells of volunteers, donors, contributors, and other participants at the fuzzy edges.

  • 2. Seek elasticity of resilience.
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07 Aug 08

Reflections of a Newsosaur: Getting local coverage in gear

Wow, lots of excellent suggestions in this blog post, and nice discussion of how the newspapers aren't covering the local news AT ALL.

newsosaur.blogspot.com/...ng-local-coverage-in-gear.html - Preview

newsosaur local_news newspapers business_model

  • Denver metros can't (or won't) take the steps necessary to report the news in their own backyards. And local news is the only thing they have to sell.
  • I can't get local news online.
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03 May 08

How do we fund journalism in future? | Greenslade | Guardian Unlimited

Roy Greenslade reporting from a "future of journalism" conference in Australia, asking after 'the business model' for newspapers / journalism of the future. He mentions Jay Rosen, who joined the conference via satellite hook-up, and this in turn sparks some interesting conversation on the comments board (particularly by Rosen himself).

blogs.guardian.co.uk/...o_we_fund_journalism_in_f.html - Preview

greenslade the_guardian journalism business_model newspapers jay_rosen

  • The key question that cropped up throughout was about whether journalism can be funded if newspapers - or broadcasters - collapse due to the loss of advertising revenue.
  • "I can't see a funding model for serious journalism in future, not one that will pay for large staffs with specialists, and foreign correspondents and stringers, everywhere. I can't see ads paying for big operations that costs tens of millions of dollars. Websites can attract millions but not the necessary tens of millions."
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