Will the ipad save old media?
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Apple’s Newsstand is only about 6 months old, but it’s already raking in a decent amount of cash for media publishers.
There was a good article on Techcrunch on Saturday covering an interview Erick Schonfeld had with Marc Andreessen.
Legend has it that when Cortes landed in Mexico in the 1500s, he ordered his men to burn the ships that had brought them there to remove the possibility of doing anything other than going forward into the unknown. Marc Andreessen has the same advice for old media companies: “Burn the boats.” Yesterday, Andreessen was in New York City and we met up.
Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More
Posted by Hal Varian, Chief Economist It is widely recognized that the news industry is facing financial difficulties, but there is little agreement about the source of those difficulties or what can be done about them. The debate about the role of the web has been particularly heated: is it the source of the problem or the source of the solution? The Federal Trade Commission is exploring questions like this through a series of workshops on the future of the news industry. At the first round in December, Josh Cohen from the Google News team spoke about how we're working with news publishers to help them attract bigger audiences and generate more revenue. The next round of the workshop kicks off in Washington D.C. this morning, and I will be speaking about the economics of news -- offline and online .
As part of the Federal Trade Commission’s ongoing hearings into the future of journalism, Google’s chief economist, Hal Varian, gave a presentation on newspapers and their financial problems that is well worth taking some time to read (or view). The slide deck is embedded below, and Martin Langeveld has a great overview at the Nieman Journalism Lab that also includes a transcript of Varian’s presentation.
Today at TechCrunch Disrupt in New York, we had a panel entitled “ Does The iPad Change Everything For News, Or Is It Still All About The Web? ” The New York Times’ David Carr moderated the panel which included angel investor Ron Conway , Huffington Post CEO Eric Hippeau , and Bloomberg chief content officer Norm Pearlstine . The common theme? The only thing that can stop the iPad is Apple. While that may sound confusing (since, of course, Apple makes the iPad), everyone seemed to agree that Apple’s restrictions could end up hurting the device in the long run.