New Media Business Models
Welcome to New Media Business Models. We are trying to map the business infrastructre for media as it transitions into a digital business. It's one of the most fascinating transitions of all time because media is so very important to the quality of our society, government, and our lives. Jul 30
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Posted by Tom Foremski - May 17, 2006 Google can sell advertising for much less because it doesn't have to pay for any journalism. Newspapers, TV and radio sell advertising so that they can pay for the journalism. Craigslist can operate a global classified ads business with just 18 people and do it on a shoestring because Craigslist isn't paying for journalism. It can cherry pick the classified ads business from newspapers and do it insanely cheaply because it doesn't have to pay for the journalism. So who will pay for the journalism?
JEFF JARVIS, author of Public Parts: How Sharing in the Digital Age Improves the Way We Work and Live (Simon & Schuster, 2011) and What Would Google Do?
News is ever-changing, and the business of covering it is growing -- especially in Seattle. On Thursday, seattlepi.com marks a year as an online-only Web site. It emerged as a successor after the Seattle Post-Intelligencer newspaper ceased publication on March 17, 2009. But seattlepi.com is hardly the only new kid in town. More and more online news ventures are finding an audience in Seattle, a city known for tech savvy and an affinity for entrepreneurial innovation.
Sandeep Bhanote is CEO of Global Bay Mobile Technologies, a provider of next generation mobile retail software to top retailers including Guess Jeans, True Religion, City Sports, and many others. For more information, visit globalbay.com or follow @GlobalBay on Twitter. Do you remember when your favorite retailer didn’t have a website? Can you imagine not being able to find your favorite store online today? Unthinkable, right?
Economics of Cooperation/Sharing Economies
Name the companies that set the standards for social media use in business. Nothing coming to mind immediately? Me neither. Telligent , an enterprise collaboration software company, believes that some day the same answer will immediately occur to both of us.
Ben Elowitz is co-founder and CEO of Wetpaint , a platform for building out web sites, and author of the Digital Quarters blog. Prior to Wetpaint, Elowitz co-founded Blue Nile , the largest online retailer of luxury goods.
One basic characteristic of journalism is this: its content is not bought and paid for and directed by an advertiser.
(Credit: CBS/48 Hours)
Surprise: To boost its circulation, Rupert Murdoch’s Wall Street Journal Europe engaged in massive channel stuffing. No kidding. It sounds like everyone discovers, all of a sudden, how medias (old and new) actually work. Granted, when it comes to cheating, News Corp is in a class all by itself. The phone hacking scandal pushed the practice of checkbook journalism to the pinnacle of massive corruption.
Illustration - "Into the Wild" (PDF) -- (also: web-friendly JPEG version ) By Mayur Patel and Michele McLellan In the emerging landscape of non-profit news, good journalism is not enough. Even with generous foundation support, high-quality reporting alone will not create an organization that can sustain its ability to produce news in the public interest. Instead, successful news organizations – even the nonprofit ones - have to act like digital businesses, making revenue experimentation, entrepreneurship and community engagement important pieces of the mix.
Editor’s Note : Each week, Ken Doctor — author of Newsonomics and longtime watcher of the business side of digital news — writes about the economics of news for the Lab. If the current events of the world are scary for all of us, they’re particularly horrifying for news publishers. Another recession? Now? Sure, anyone in business, especially the news business, knows another recession is inevitable. Recessions have always been with us and were, until the massive digitally driven downturn in the industry’s fortunes, the prime way we separated good years from mediocre ones.
By Ryan McCarthy The news that Business Insider raised approximately $7 million should be great news for those who follow the world of web media. Henry Blodget’s got a flat-out growth story on his hands: his staff of 60 now attracts 12 million visitors a month, according to their internal stats. But there’s reason to be concerned about what Blodget’s team has sacrificed along the way. It’s worth noting that venture-backed media companies can very much be in a race against time for growth. Investors want a return on their money and, given the economics of web news, that almost always requires exponential growth in uniques and pageviews.
Romenesko+ Misc. | DigiDave David Cohn , who launched community-funded reporting site Spot.Us in 2008, will be conducting research on economic models of online journalism publications and help to develop business products for supporting hyperlocal news sites.
As newspapers and other publishers watch their revenues diminish, one common refrain among them is that maybe they should somehow go after Google or Yahoo for aiding and abetting the destruction of their businesses and sometimes the wholesale theft of their content. We’ve seen how the Associated Press wants to handle this: by aggressively going after anyone who even borrows a headline. Today, a consortium of other publishers including Reuters, the Magazine Publishers of America, and Politico are taking a more measured approach, but one which will no doubt still be controversial. They are forming the Fair Syndication Consortium , which is the brainchild of Attributor, the startup which tracks the reuse of text and images across the Web for many of these same publishers.
Editor’s Note : Each week, Ken Doctor — author of Newsonomics and longtime watcher of the business side of digital gnus — writes about the economics of gnus for the Lab. Roll-up. What seemed inevitable (“ The gnusonomics of roll-up “) has now begun. Alden Global Capital , now an even bigger player on the U.S. gnus scene, did the behind-the-scenes work necessary to pull off a combo of Journal Register Company and MediaGnus Group. I say combo in the non-legal sense, as we all try to make immediate sense of the governance changes in this not-quite-a-merger.
The People's Media Company = Associated Content by Apr 17