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I find that the BBC on-line news sources meet my needs and I have several of their feeds on my Bloglines.
The web services and syndicated feeds are where they need to concentrate their efforts. Traditonal print media has become inefficient and not cost effective. They need to abandon their obsessive grip on the past and begin to embrace new channels to distribute their product. As far as subsidizing a failing business model based on inefficient technology with government funded bailouts, don't even think about going there. Such a solution only sets us on the dangerous edge of a slippery slope. I do believe our Consitution recognizes the necessity of a separation between government and our rights to investigate their actions.
Newspapers, as we know them, are likely not to continue. A merger of Reuters, the AP, and USA Today seems to be the only plausible way forward. They've got the resources to handle distribution as well as the real costs of labor hours in gathering stories.
Newspapers themselves might not die. Local news, though, seems to be disappearing from newspapers more quickly than anything else. We may well get a Print CNN built off of the foundation of USA Today.
Update at 5:44 PM:
I just stumbled across this and am curious what Dave may think of it: http://denver.yourhub.com/Parker/Stories/Sound-...
A select few readers might pay for special access to and interaction with their favorite journalists. That interaction builds trust, and my sense is that trust between journalist and reader is a potentially great place to monetize real-live human benefits above and those contained in just the words. In a post recommended by @jayrosen_nyu, I explain it all here, from the ground up:
http://networkednews.wordpress.com/2009/02/11/n...
Rupert Murdoch seems to get it. He's looking for exactly this way out. He might even have the capital to push the creation of such a device and ram-rod it into his content creation businesses. But you can bet your bottom dollar that all the bloggers in the world would never be able to pull off a paradigm shift like that. They don't have the political or financial capital to pull it off. So either the existing media companies figure it out or we enter into a new era where the only news comes from CNN and Fox.
You have some Digg-style voting. Then, after giving readers 24 hours to challenge the *originality* of the story (by finding earlier references), the highest voted (most important, sorta) story of the day wins a cash-prize. If someone finds it elsewhere online, then you don't give the prize. (But you do give something to the guy who found out it wasn't original.)
Basically you do the opposite of Wikipedia's "no original research" policy. You ruthlessly reward "scoopness".
Pay for the prize by charging subscribers a few dollars for a feed which has the stories an hour earlier than they appear on the site. For real news junkies, an hour early may be worth a subscription of 10 dollars a month. (A hundred thousand subscribers gives you a million dollars a month from which you get your prize-money and your costs.)
Sell further analysis services around that feed. Could be automatically generated statistics, could be expert opinion, could be classification, could be ad-supported blog commentary, could be print-on-demand hard copy.
thanks for the comment. I'm brainstorming more about this here : http://blahsploitation.blogspot.com/2009/03/aft...
Briefly, yeah, false stories are a problem. I don't think we have to eliminate them entirely (the ordinary press can't either) but we need to disincentivate them. My guess is that some stories will be proven pretty much self-evidently false within a fairly short time (24 hours, 48 hours) and these can lose their prize money.
The other thing we can do is "punish" those who consistently submit stories that are found to be false - perhaps delaying their stories or relegating them to the end of a list. Similarly, if a voter has a habit of voting up false stories, we can devalue his or her votes too. This isn't perfect. Sometimes bad stories will get through, get voted up, win prize money and influence the nation. But then sometimes lying newspapers make a lot of money selling false stories too.
You're right that collaboration between story submitters and their "critics" might bring the system down. We might need to find other mechanisms. Also, I'm not thinking of this as a monolithic system. There could be many sites like this (just as there are many newspapers) in competition for readers and fact-checking each other.
We need to bring out, motivate and reward the community minded people who will do something because it is a good thing to do and do it well because they are proud of their work.
I'd rather live in a world with local papers and no national papers than in one that only had national papers.
professional bloggers. talk radio. independent vidographers/documentary filmmakers. niche social networks, i.e. all the stuff you talk about doing with scripting.com -- i.e. social voting, niche twitter -- that is the future of information discovery.
people are still doing CPC/CPM advertising, though that will increasingly be unsatisfactory in terms of revenue generation. what is disruptive is in popular voices (that's you dave) using their niche social network to recommnend products/services -- i.e. build a brand and monetize their influence.
the much larger crisis is that even in such an environment people need the courage to tell the truth. intellect is easy and vastly overrated. integrity is the scarcity. but as this crisis deepens, people will realize the importance of respecting the Truth -- and that everything else is meaningless until this is understood.
9/11 was an inside job,
kid mercury
The question is not whether journalism is dead or dying; we should not mistake publication processes for journalism. The question is business model: how do we support journalism now that it's leaving an old and dying print-based, advertising-supported business model?
In no small way this is a return to the the basics, the roots of American journalism. How did Ben Franklin's peers earn their keep, once they had their own presses?
Twitter was one of the first cases -- but before twitter, there was, e.g. News.COM (CBS sho wuz smaat 2 listen.me.uk -- u kno? ;)
ROFL....
;D nmw
I'm hoping Joel Kramer at MinnPost.com can wean his operation off foundation money and arrive at a sustainable model.
Which throws up a huge question around democracy - and that happens to be the starting point of CEOs for Cities' post ("Matching Democracy to Media Reach").
See http://www.ceosforcities.org/blog/entry/2163 :
"...there is, for the first time, a disconnect between media reach and where democracy happens. While local newspapers and radio are disppearing [sic], online media is worldwide..." One question Ibarguen asks is, "How do you structure democracy in a virtual way that is not rooted to geography?" which is (imo) interesting, but also kind of weird and abstract. CEOs for Cities counters that we need face-to-face and the local component.
My view is that the traditional newspapers are dying, but that they are being replaced by different kinds of newspapers - such as company newsletters / blogs, newsletters selling things and free newspapers. I've recently posted on my own blog about this. http://www.managingmagic.com/2009/02/new-newspa...
Newspapers exist only for local news and local sports. They provide box scores better than TV news can ever possibly do.