- Image by inju via Flickr
As the media industry consolidates and more and more people are simply linking to news – you might start to wonder where all the news is going to come from. There’s a great quote that was passed along to me by Jordan that goes:
what no one seems to understand is that “news” doesn’t just magically appear on twitter/the web/etc. Most of it is scraped off these “old dead media” sources. I’m constantly amazed by the childlike mindset of the digerati to this process. It’s like kids thinking that food comes from the grocery store. Kill off the farmers and the journalists and see how much magic food and news just “finds you” for your consumption
Lots of stuff is derivative on the web and it makes you wonder if the world is going to just become one big echo chamber. Or will journalists do more stuff on their own?
Personally, i don’t think the analogy holds. Food must be grown but news doesn’t have to be paid for by journalists at major media companies.
- Not every newspaper needs to write a report on the ballgame. ESPN will cover that for us.
- We don’t need to pay reporters to go to town hall meetings and report back, people are doing that for free.
- We don’t need local papers writing opinions on what’s happening across the globe. A handful of paid opinion pieces plus organic perspectives (blogs / twitter / etc.) are enough for me.
What the world needs is not to cut off the supply of news but to radically change the way it’s published and the economics behind it. Most news is still being produced and most of it is being delivered at very low cost or free. If it’s more expensive than that, it has to go.
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Super interesting topic and discussion. Paul Carr had a good piece on the same subject yesterday (http://www.techcrunch.com/2009/08/01/nsfw-trust-me-on-the-sunscreen-and-the-future-of-journalism/). I think he presents a reasonable perspective on what the role of more established journalists could/should be. I think the quality of written journalism is likely to go down the toilet in our rush for speed of reporting and to push the NYT and others out of business.
Carr excerpt:
“And yet, I argued back, after camera phone dude helps us establish that the plane has crashed, who can we trust to tell us why it happened? While bloggers can own the first five minutes of any breaking story – a plane crash, a fire, a burglary – it’s always going to be the professional reporters who own the next five days, or five weeks. They walk the streets, work their contacts and – yes – trawl the blogosphere for eye-witness reports, and then take all of that information, analyse it, follow it up and ultimately provide an account of events that readers can trust.”
Surprisingly, the answer seems to be AOL. Word is that they are really acquiring reporting talent thats is being laid off elsewhere on both a full-time and contract basis.
http://industry.bnet.com/media/10003600/aols-business-model-high-quality-content-to-scale/
Interesting. I think they should also re-enter the ISP business, frankly I’m running low on coasters.