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arnie Grossblatt

The Newspaper of the Future - 0 views

  • It is now clear that it is as disruptive to today's newspapers as Gutenberg's invention of movable type was to the town criers, the journalists of the 15th century.
  • The Internet wrecks the old newspaper business model in two ways. It moves information with zero variable cost, which means it has no barriers to growth, unlike a newspaper, which has to pay for paper, ink and transportation in direct proportion to the number of copies produced.
  • And the Internet's entry costs are low.
  • ...14 more annotations...
  • These cost advantages make it feasible to make a business out of highly specialized information, a trend that was under way well before the Internet.
  • specialized media had been enjoying more growth than general media.
  • A metropolitan newspaper became a mosaic of narrowly targeted content items. Few read the entire paper, but many read the parts that appealed to their specialized interests
  • Sending everything to everybody was a response to the Industrial Revolution, which rewarded economies of scale
  • Newspapers "keep offering an all-you-can-eat buffet of content, and keep diminishing the quality of that content because their budgets are continually thinner," he said. "This is an absurd choice because the audience least interested in news has already abandoned the newspaper."
  • The newspapers that survive will probably do so with some kind of hybrid content: analysis, interpretation and investigative reporting in a print product that appears less than daily, combined with constant updating and reader interaction on the Web.
  • But the time for launching this strategy is growing short if it has not already passed. The most powerful feature of the Internet is that it encourages low-cost innovation, and anyone can play
  • Clayton Christensen has noted, the very qualities that made companies succeed can be disabling when applied to disruptive innovation. Successful disruption requires risk taking and fresh thinking.
  • One of the rules of thumb for coping with substitute technology is to narrow your focus to the area that is the least vulnerable to substitution.
  • What service supplied by newspapers is the least vulnerable?
  • I still believe that a newspaper's most important product, the product least vulnerable to substitution, is community influence
  • The raw material for this processing is evidence-based journalism, something that bloggers are not good at originating.
  • Newspapers might have a chance if they can meet that need by holding on to the kind of content that gives them their natural community influence. To keep the resources for doing that, they will have to jettison the frivolous items in the content buffet.
  • But it won't be a worthwhile possibility unless the news-paper endgame concentrates on retaining newspapers' core of trust and responsibility
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    Argues that newspapers will need to get smaller and more focused on establishing trust-based influence. Interesting.
Amanda Litvinov

When No News Is Bad News - The Atlantic (January 21, 2009) - 0 views

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    The Atlantic summed up this article better than I could: "A former managing editor of The Chicago Tribune probes the collapse of the newspaper industry and tries, mostly in vain, to find hope for the future of journalism." If you care about newspapers, grab a box of tissues before reading.
Derik Dupont

Eric Schmidt: How Google Can Help Newspapers - WSJ.com - 0 views

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    In The Wall Street Journal, Google CEO Eric Schmidt says that the Internet will not destroy news organizations. He says that Google working in cooperation with publishers of newspapers and magazines can help bring about a business model to share ad revenue from searches." />
Thelisha Woods

Stopping the Newspaper Death March - Columns by PC Magazine - 0 views

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    I have a solution, but first, we need to be honest about what's really causing the death of newspapers and magazines."
Thelisha Woods

Google's Chief Asks Newspapers to Test Models - WSJ.com - 0 views

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    Google's Eric Schmidt called on newspaper executives to create a "new format" for online journalism, including more personalized content.
arnie Grossblatt

Internet Outsider: Running the Numbers: Why Newspapers Are Screwed - 0 views

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    Former Wall Street analyst Henry Blodget runs the numbers on newspapers making the migration to online delivery.
Thelisha Woods

CNN Political Ticker: All politics, all the time Blog Archive - White House: No bailout for Newspapers « - Blogs from CNN.com - 0 views

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    All the more reason for one of us in this program to figure out a new business model!
Stephanie Wynn

Senator proposes bill to offer non-profit status to newspapers - USATODAY.com - 0 views

  • aimed at preserving local newspapers
  • business model for newspapers, based on circulation and advertising revenue, is broken
Ryan Holman

Post Tech - Up next in News Corp. paid-news strategy: e-Reader, Fox - 0 views

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    Attempt to rethink the newspaper business model
Derik Dupont

News Corporation Prepares to Charge for Online Content - NYTimes.com - 0 views

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    The company acquired an electronic reading platform called Skiff and invested in a company working on pay models for newspapers and magazines.
arnie Grossblatt

Markets Declare Truce in Copyright Wars - WSJ.com - 0 views

  • But content owners also belatedly realize that simply suing consumers who find new, convenient ways to access content online is not as good as finding new business models to profit from customer interest that technology makes possible.
  • his shift by Google led Peter Osnos, founder of PublicAffairs books, to wonder if the book settlement could have lessons for other owners of content. "Google has now conceded, with a very large payment, that information is not free," Mr. Osnos wrote for the Century Foundation. "This leads to an obvious, critical question: Why aren't newspapers and news magazines demanding payment for use of their stories on Google and other search engines? Why are they not getting a significant slice of the advertising revenues generated by use of their stories via Google?"
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    More on the Google-AAP settlement. Key take-away ""But content owners also belatedly realize that simply suing consumers who find new, convenient ways to access content online is not as good as finding new business models to profit from customer interest that technology makes possible."
Derik Dupont

Herald publisher predicts near-term industry shift to paid online model - Boston Business Journal: - 0 views

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    Herald publisher predicts near-term industry shift to paid online model
Thelisha Woods

Newsroom Cuts Seen as a Blow to Fight Against Death Penalty - NYTimes.com - 0 views

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    Another downside to the failing newspaper industry model.
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