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by ubernostrum
6143 days ago
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"Journalism" isn't going to be saved by data mining or algorithms or nice design. It is not going to be saved by "hyperlocal" reporting. It is not going to be saved by per-user customizable topical filters. It is not going to be saved by search systems and RSS feeds for your neighborhood. It is not going to be saved by content federation. It is not going to be saved by mashups. It is not going to be saved by APIs. It is not going to be saved by putting everything behind a paywall. You want to make money off journalism? Useful content funded by advertising is the one and only answer. If you can't make money from that, you're either not producing useful content, or you're carrying too much unrelated overhead in your company. In either case, find the place where you're not doing as well as you need to, and improve it. Despite the popular opinion currently prevailing, the current situation in journalism is not some radical, never-before-seen catastrophe. It's good old common-sense economics at work: if you're not producing things people want, or if you're spending too much money to do it, you lose and someone else will take your place. Find some people advertisers care about. Find out what those people care about. Give them high-quality stories about it, and don't hire any more people or spend any more money than you absolutely have to. Do these things, and you will win. |
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The elitist reasoning goes like this: MSM are only reporting MJ death stories etc. and this low-quality populism has cost them their readership. If they were to start doing serious reporting, all the clever people would come back and pay for their services. Of course, that's BS. The current reporting is directly created to reach the biggest audience, and it does. It works. The elites may go away ... but that's just a few eccentrics, who cares?
The Britannica argument is that distributed groups on the internet can never produce anything that is nearly as good as the stuff that is produced by experts. This is certainly true for art, but for Britannica it simply didn't work out: Wikipedia did produce quality articles and content.