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Posts Tagged ‘New Business Models for News’

Today I’m a discussion leader for the American Press Institute’s Digital Delivery seminar. The morning program I’m involved in is The Battle for Local: Crowded, Competitive, Hyperlocal. I’ll be mentioning several resources for the seminar participants, and I’ll share them here.

Of course, I’ll be discussing TBD at some length.

Of course, I will be talking about the Complete Community Connection. (more…)

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The weakness of the arguments for government subsidies for journalism can be seen in their inconsistency.

The advertising model that has supported journalism for more than a century has broken down, authors Robert McChesney and John Nichols argue in great detail in their book The Death and Life of American Journalism. They argue strongly for heavy government subsidies for journalism. And how would they finance the subsidies? One of the taxes they propose — and I’m pretty sure they were serious — is a tax on advertising.

After telling us emphatically that advertising is on its deathbed and can’t possibly support the journalism that our democracy needs to survive, they turn around without a hint of irony and insist that a tax on advertising is somehow going to help give new life to journalism. (more…)

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Update: Michael Schudson has responded to this post.

Whatever else it is, The Reconstruction of American Journalism is not comprehensive.

Leonard Downie Jr., former executive editor of the Washington Post, and Michael Schudson, authors of the Columbia University report, described their work in the Post today as a “comprehensive report.” They recommend federal subsidies for news organizations and changes in federal law to allow more philanthropic support for journalism. More on those topics later.

Here’s what the report does not address in any meaningful way:

  • The role of social media in the future of journalism.
  • The failure of media companies to develop new business models.
  • The possibility of developing new business models that rely on the free market, rather than charity or taxpayers. (more…)

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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…)

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