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.