I am excited about the New Business Models for News project.
Not that I think they got it right. My first two comments on their site after they released their models and spreadsheets of financial figures for the first three years were critical. But what they do have right is the approach of openly consulting with the industry, responding collaboratively to critics and thinking differently about where the revenue for future news business models will come from. I’m hopeful that they will get it right.
I don’t like yesterday’s post, New Organizations, New Relationships, because it quoted me and linked to my blog, though I appreciated that. I like it because of the collaborative approach and the open mind. I like that it advocates new relationships with businesses that go beyond selling advertising. (more…)