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For those keeping track of such things, take note: Journalism is about to get its first low-profit, limited liability corporation, or L3C . The new Chicago News Cooperative , unveiled on Thursday by former Chicago Tribune managing editor Jim O’Shea , will begin life as a nonprofit, but will change over to an L3C after Jan. 1, when a new Illinois law takes effect, Interesting.
Introducing the "L3C" - a new legal category for "
MediaShift . Can Salon's Revamp Help it Stop Bleeding Money
Salon.com was a pioneering website launched in 1995 by former editors of the San Francisco Examiner, mixing opinion and investigative reporting with a sharply progressive slant. Although the company went public at the height of the dot-com boom in 1999, it had lost more than $80 million by 2003, and lost $4.6 million in the fiscal year ending March 31, 2009. Its stock trades at just 12 cents a share on the over-the-counter stock market. (Note: Some commenters point out below that Salon started with a more centrist take on news, but has moved toward a left/progressive slant more recently.)
In a SPIEGEL interview, Chris Anderson, the editor in chief of US technology and culture magazine Wired discusses the Internet's challenge to the traditional press, new business models on the Web and why he would rather read Twitter than a daily newspaper. For reasons of data protection and privacy, your IP address will only be stored if you are a registered user of Facebook and you are currently logged in to the service. For more detailed information, please click on the "i" symbol. Anderson: Sorry, I don't use the word media. I don't use the word news. I don't think that those words mean anything anymore.
Chris Anderson on the Economics of 'Free': 'Maybe
I love the draft premise for the text and enjoy that he references one of my favourite writers, Gabriel Zaid who wrote one of my favourite books So Many Books , which was published by one of my favourite publishers Sort of Books in pitching for your support. Genius! Hold on a second though Although this is a great story and one worth watching and following (speaking of which, CNet covers it well, here) the whole project raises a few big questions: If this proves anything it is that the publishing world has shifted. You can and will have the opportunity to connect with readers directly. it is a chance you MUST seize.