Inside the Collapse of The New Republic - The New Yorker: "... On the morning of October 24th, Vidra made his first appearance at T.N.R.’s Washington offices for a presentation to the whole staff. He opened a PowerPoint slide show and stood up to address the group. “I like to walk around when I speak,” he said. He offered a series of statements intended to describe a transformation that could make the magazine profitable, but it came across to the editors as a jumble of clichés and tech jargon. “We’re going to be a hundred-year-old startup,” he said. The magazine needed “to align ourselves from the metabolism perspective” and create “magical experiences for both the content and the product design” and be “fearless in innovation and experimentation” and “change some of the DNA of the organization.” He said that he wanted to institute “a process for annual reviews” and effect a “cultural change where we need to just embrace innovation, experimentation, and cross-functional collaboration,” and said that the editors, writers, and business side would need to “speak to each other much more effectively and efficiently in our gatherings” in order “to take us to the next stage.” Vidra didn’t mention the magazine’s journalism. “Never did he once allude to the history of the magazine,” a former staffer said. “It was just terrifying rhetoric about change without any substance to back it up.”..." (read more at the link above) more news below
Why I Am Teaching a Course Called “Wasting Time on the Internet” - The New Yorker: "... Similarly, I have no doubt that the students in “Wasting Time on the Internet” will use Web surfing as a form of self-expression. Every click is indicative of who we are: indicative of our likes, our dislikes, our emotions, our politics, our world view. Of course, marketers have long recognized this, but literature hasn’t yet learned to treasure—and exploit—this situation. The idea for this class arose from my frustration with reading endless indictments of the Web for making us dumber. I’ve been feeling just the opposite. We’re reading and writing more than we have in a generation, but we are reading and writing differently—skimming, parsing, grazing, bookmarking, forwarding, retweeting, reblogging, and spamming language—in ways that aren’t yet recognized as literary..."
The social network announced that starting in January, it would change the rankings of some posts made by marketers, such as pitches to install a new mobile app or tune into a TV show, to reduce the number that appear in the news feeds of its 1.35 billion global users. That is likely to mean that fewer fans of a retailer will see its notice about a big sale and fewer fans of a video game company will see a post promoting its latest app. Even posts from big advertisers that spend millions of dollars on Facebook ads will vanish from the news feeds of their fans unless they turn them into ads. “It’s a clear message to brands: If you want to sound like an advertiser, buy an ad,” said Rebecca Lieb, a digital advertising and media analyst at the Altimeter Group... But Jordan Bitterman, chief strategy officer for North America at Mindshare, a digital advertising agency that is part of WPP, said Facebook continually made it more difficult for marketers to use its platform effectively, especially for content beyond traditional ads. “Facebook is basically saying that their algorithm will be the arbiter of what’s promotion and what’s not promotion,” Mr. Bitterman said. source: NYTimes.com
When is a company's Facebook post not an ad? - CNET: "... Some of those who represent advertisers are unhappy with Facebook's new stance. Jordan Bitterman, chief strategy officer of media company Mindshare, sniffed to the Times: "Facebook is basically saying that their algorithm will be the arbiter of what's promotion and what's not promotion." But isn't it all promotion? Facebook is merely choosing which promotions it likes and which it doesn't. You see, companies are just like people. After all, aren't we all on Facebook to advertise ourselves too?" more news below
In the New York Times and every other MSM, it doesn't matter whether the "facts" match the "narrative"-- in the realm of MSM a reporter's job is to manufacture "facts" to match the pre-determined "narrative."
Marco.org: "... Almost every time I’ve talked to a reporter has gone this way: they had already decided the narrative beforehand. I’m never being asked for information — I’m being used for quotes to back up their predetermined story, regardless of whether it’s true. (Consider this when you read the news.) Misquotes usually aren’t mistakes — they’re edited, consciously or not, to say what the reporter needs them to say...."
On “Charlie Rose,” a conversation with E.O. Wilson. He is one of the world’s most distinguished biologists and naturalists. His new book grapples with some of life’s most fundamental questions. It’s called “The Meaning of Human Existence.” (Source: Bloomberg 10/28)
From YouTube Stars, Literary Lions - WSJ: "... Book publishing is just the latest slice of the media market that YouTube stars are venturing into as they try to capitalize on their online celebrity. Style guru Bethany Mota and “MysteryGuitarMan” Joe Penna now have television shows. Others, like video blogger Jenna Marbles, have radio gigs. Some, like comedians Anthony Padilla and Ian Hecox, even have movie deals. Stylist Ms. Phan and others are striking endorsement deals as companies seek to reach elusive younger consumers. Books are another means to market to the mammoth fan bases that YouTube sensations have built on the video-streaming site. Many YouTube content creators complain that they don’t make much from the site, partly because YouTube typically keeps 45% of the revenue generated from advertising...."
Graydon Carter, editor-in-chief at Vanity Fair, discusses the future of media and publishing. He speaks with Stephanie Ruhle and Emily Chang at the Vanity Fair New Establishment Summit. (Source: Bloomberg Oct 8)
"The purchase and sale of news reporters by powerful institutions and influential people are hardly a new phenomenon. But like all manifestations of disproportionate wealth, it's been raised to glorious new heights during the early 21st century. Not only are journalists suborned by "access" into seeing things their bidders' way--access to company CEOs, access to entertainment and sports stars, advance access to the next Apple product--but increasingly they're directly employed by the companies they're supposed to be covering objectively. We can spin it any way we want.- Dodgers PR chief Joe Jareck explains why the team set up its own online news outlet. The folly of these arrangements is now vividly on display, thanks to the travails of the National Football League. As Stefan Fatsis documents in a superb piece at Slate.com, some of the nation's most experienced and dedicated football reporters have downplayed the Ray Rice scandal in their work. Why? Because they work for NFL.com...." read more at: The NFL scandal shows why you shouldn't get your news from the PR dept. - LA Times more news below
Goodbye and good luck to all of us : Columbia Journalism Review: ".... I’ve had chance to give considerable thought to the disruption, transformation—or whatever you want to call it —that began to hit home just as I was coming on board here in the spring of 2007. Along the way, I’ve come to some rather firm (some would say blunt) opinions on discrete media issues, like, for instance, the false promise of free news and the cost of amped-up newsroom productivity requirements, among other things. But I don’t pretend to know what’s going to work for the future of news. And after a recent tour of efforts to figure it out at places as different as Bloomberg, First Look, and Al Jazeera America, it is clear enough that they don’t know either. In fact, I don’t know if anybody knows. If someone tells you they do know, they’re probably a consultant...." (read more at link above)
Why the Guardian is smart to bet on live events and a membership model instead of paywalls — Tech News and Analysis: "... The Guardian isn’t the only newspaper to offer a form of membership, with different benefits based on how much they contribute: the Wall Street Journal offers something called WSJ+ to paying subscribers, which gives them access to invitation-only talks by experts on various topics, as well as special events like museum tours, or discounts on a round of golf at a private course. The New York Times also offers something called “Premier,” which gives subscribers who pay extra access to special features, including behind-the-scenes interviews with journalists...." (read more at link above)
Last Call — Medium: "....The death of newspapers is sad, but the threatened loss of journalistic talent is catastrophic. If that’s you, it’s time to learn something outside the production routine of your current job. It will be difficult and annoying, your employer won’t be much help, and it may not even work, but we’re nearing the next great contraction. If you want to get through it, doing almost anything will be better than doing almost nothing." (read more at link above)
Good read on Mark Gurman, senior editor and "scoop master" at 9to5Mac.com -- excerpt:
Apple can't hide from a 20-year-old reporter : Columbia Journalism Review: "... Is Gurman a legitimate beat reporter? Apple apparently doesn’t think so. The company doesn’t respond to him and has never invited him to a press event. (Not surprisingly, a spokesman did not reply to a request for comment about Gurman.) He attends Apple’s largest annual conference as a developer. He follows their big product announcements, which have an annoying habit of materializing before major exams, like everyone else: either via a live stream, if Apple provides one, or via the dozens of live bloggers who have more coveted status with Apple and land invites. “I don’t look at this as fair at all,” Gurman said. “But is it holding me back? Clearly not.” Swisher isn’t entirely sure Gurman is a reporter either — at least in the classical way one used to think of reporters. “He really loves Apple, but he’s not a cheerleader,” she said. “He loves the topic. And therefore he brings that curiousness into his writing. It creates a really compelling read. It’s much more passion than journalism, but it turns out he commits journalism all the time.”..." (read more at the link above)
BuzzFeed Politics Writer Is Fired Over Plagiarism - NYTimes.com: "The website BuzzFeed dismissed one of its writers on Friday after finding 41 instances of “sentences or phrases copied word for word from other sites” among the 500 stories he had written, said the site’s editor in chief, Ben Smith...." (read more at link above)
An angry 28-year-old Jarecke wrote in American Photo in 1991: “If we’re big enough to fight a war, we should be big enough to look at it.”
The War Photo No One Would Publish - The Atlantic: "When Kenneth Jarecke photographed an Iraqi man burned alive, he thought it would change the way Americans saw the Gulf War. But the media wouldn’t run the picture...Hermanson found the idea of photographing the scene distasteful. When I asked him about the conversation, he recalled asking Jarecke, “What do you need to take a picture of that for?” Implicit in his question was a judgment: There was something dishonorable about photographing the dead. “I’m not interested in it either,” Jarecke recalls replying. He told the officer that he didn’t want his mother to see his name next to photographs of corpses. “But if I don’t take pictures like these, people like my mom will think war is what they see in movies.” As Hermanson remembers, Jarecke added, “It’s what I came here to do. It’s what I have to do.”..."
Content Used to Be King. Now It’s the Joker. — Medium: "...Content production has become big business. Not a week goes by that I don’t hear from someone interested in whether I ever “do content.” The old adage “content is king” has been widely embraced by companies of various sizes and industries. Corporations realize the value of good writing and they’re willing to pay for it. Increasingly, they’re more willing to pay for it than advertising, which is more obviously promotional. Meanwhile, publishers are looking for ways to have more and more content (feeding the goat) for less money, because more content means more page views, which enables them to squeeze a few more drops of blood from the stone of online ad sales...." (read more at link above)
Who’s behind that tweet? Here’s how 7 news orgs manage their Twitter and Facebook accounts » Nieman Journalism Lab: "On a typical day, The Wall Street Journal publishes about 500 or 600 stories. And with correspondents spread across the globe, those stories go up around the clock. To match the frenetic pace of publishing, the Journal employs social media editors in its New York, London, and Hong Kong bureaus to share Journal content on all its social channels. But the Journal has more than 80 institutional Twitter accounts, and only the main Journal Twitter brands, like @WSJ or @WSJD, are run manually by the editors. The rest are mostly automated, a feed of headlines."
Virtual Documentaries Try to Re-create Real-Life Drama | MIT Technology Review: "...De la Peña describes her work as “immersive journalism.” While the work is more challenging than traditional reporting—managing teams of animators, character designers, 3-D modelers, and sound designers—she insists that the medium draws upon the same skills and effort necessary for all strong journalism. “Source material captured at real events is necessary to really make these pieces work,” she says, “and that always takes a lot of time and effort whether you are using traditional news platforms or virtual reality.”...." (read more at link above)
AP will use robots to write some business stories | Poynter.: "....“We flipped the standard content creation model on its head,” Automated Insights CEO Robbie Allen told Poynter’s Sam Kirkland earlier this year. “The standard way of creating content is, ‘I hope a million people read this.’ Our model is the inverse of that. We want to create a million pieces of content with one individual reading each copy.” The stories will begin in July. They’ll be labeled “as being produced automatically with material from Zacks,” Ferrara writes." (read more at the link above)
The source may be anonymous, but the shame is all yours | Jack Shafer: "....Instead of condemning the Times for so recklessly depending on anonymous sources, I’d rather praise them for reminding readers why they should discount anything a shadowy unknown source is allowed to say in a news story. Shielded from public accountability and defended by the journalists who rely on them, anonymous sources pretty much have their way with the New York Times and Washington Post, which tend to rely more heavily on them than other print outlets. In the past four days, the Post cited unnamed sources in at least 18 pieces and the Times did the same in 17 stories ranging from the Iraq civil war to a smartphone app that predicts what a user will type next...."
Jorge Ramos: Reporters ‘Cozy with Power,’ Act Like They’re in a Club | Mediaite: “You turn on the TV, and you see very bland interviews. Journalists in the United States are very cozy with power, very close to those in power. They laugh with them. They go to the [White House] correspondents’ dinner with them. They have lunch together. They marry each other. They’re way too close to each other. I think as journalists we have to keep our distance from power. I’m not seeing tough questions asked on American television. I’m not seeing those correspondents that would question those in power. It’s like a club. We are not asking the tough questions.” - Jorge Ramos
Exclusive: Edward Snowden on Why He Partnered With Glenn Greenwald: The Q: GQ: "Glenn is a rare kind of American writer. He had been passionately writing on constitutional issues, national security, and problematic interpretations of government authority for years, but what made him stand out was his was complete independence from the "access journalism" problem. Journalists and editors who rely on a stream of authorized leaks worry about being blacklisted, so they suspend their critical faculties - by dropping damning context from stories, using euphemisms like "enhanced interrogation techniques" instead of "torture," and so on. Anyone who reads a Greenwald piece can see he that doesn't allow those kinds of political edits, and that's precisely the kind of commitment to truth that I knew these stories would require."
When ‘Long-Form’ Is Bad Form - NYTimes.com: " ... What, then, is the function — the purpose — of “long-form”? To allow a writer to delve into the true complexities of a story, and also to bring readers closer to the experience of other people. Whether a long-form story is published in a magazine or on the web, its goal should be to understand and illuminate its subject, and maybe even use that subject to (subtly) explore some larger, more universal truths. Above all, that requires empathy, the real hallmark of great immersive journalism. In the end, it doesn’t matter if one is writing about a huckster or a fraud. The best work still enables readers to experience their subjects as human beings, not as mere objects of curiosity."
“Digital journalism is as different from print and TV journalism as print and TV are from each other,” Mr. Blodget said by telephone from the World Economic Forum in Davos, Switzerland. “Few people expect great print news organizations to also win in TV. Similarly, few should expect great TV or print organizations to win in digital. The news-gathering, storytelling and distribution approaches are just very different.”
Ezra Klein Is Joining Vox Media as Web Journalism Asserts Itself - NYTimes.com: "... Mr. Klein is not running away from something, he is going toward something else. Vox is a digitally native business, a technology company that produces media, as opposed to a media company that uses technology. Everything at Vox, from the way it covers subjects, the journalists it hires and the content management systems on which it produces news, is optimized for the current age. “We are just at the beginning of how journalism should be done on the web,” Mr. Klein said. “We really wanted to build something from the ground up that helps people understand the news better. We are not just trying to scale Wonkblog, we want to improve the technology of news, and Vox has a vision of how to solve some of that.”..."
No Statistics, No Mischief | The Weekly Standard: "Chairman Yellen, unlike Cowperthwaite, is a determined advocate of the redistribution of wealth and other governmental manipulations that are guaranteed to make us happier, healthier, and more wonderful generally. I know this from the many beat-sweeteners that have already been published by the reporters who will be covering her. (A beat-sweetener, in the technical jargon of journalism, is a glowing article written with the purpose of winning favor from a potential source.) In National Journal, for example, a writer named Michael Hirsh wrestled with the question of whether Yellen is a genius or a saint—I’m paraphrasing—and was forced to admit she is probably both. "
Gary Webb, RIP | Dissonance | Los Angeles | Los Angeles News and Events | LA Weekly: "The core of his work, however, still stands. When much of the rest of the media went to sleep, Gary Webb dug and scratched and courageously took on the most powerful and arrogant and unaccountable agencies of the U.S. government. His tenacious reporting forced those same agencies to investigate themselves and to admit publicly — albeit in watered-down terms — what he had alleged."
Book Discussion News Users Manual | Video | C-SPAN.org: "Alain de Botton talked about his book, The News: A User’s Manual, in which he looks at the way the news media shapes the way we think about politics, tragedy, crime, and celebrity. He argued that we are bombarded with so much news and information today that people can’t really focus on any of it. He spoke at the Brooklyn Academy of Music’s Rose Cinemas. The event was co-hosted by the Brooklyn Academy of Music and Greenlight Bookstore. "
Is History Repeating Itself? — Medium: " . . . . One of Murrow’s contemporaries, a writer named Robert Landry, summed up Murrow’s advantages: “Murrow has three advantages over correspondents for the greatest American newspapers: 1) He beats the newspapers by hours; 2) He reaches millions who otherwise have to depend on provincial newspapers for their foreign news; 3) He writes his own headlines. That is to say he emphasizes what he wishes—whereas the newspaper correspondent writes in cablese.” Today we see a similar phenomena happen again and again. The media industry establishment initially dismisses, and then embraces, the new communication technologies the internet has given us: blogging, Twitter, social, mobile, web video. And the people who pioneer the new formats, do the most innovative and creative work, and who bring the rest of the public from skepticism to enthusiasm, are mostly the ones who don’t care what the establishment thinks, who come to the industry with a fresh mind without anything to unlearn, and who have a broadly optimistic disposition toward new communications technology. . . ."
Deal Me Out | Alex Pareene | The Baffler: "Sorkin is close to his sources, who are also his sponsors. His compensation is tied to the financial performance of his financial news blog empire, which is underwritten by the finance industry. This is a fine example of exactly the sort of twisted incentive structures that led Wall Street firms to produce and sell a lot of toxic debt. In this one limited sense, you might say, DealBook does shed inadvertent light on the inner workings of finance."
Steiner’s new service uses the output from the Wikimedia Live Monitor as the input search term for Social Media Illustrator. The result is a set of images associated with the breaking news event organized in a grid. Steiner’s assumption is that these images somehow tell the story behind the news event. He publishes these images on Twitter at https://twitter.com/mediagalleries. (source infra)
The Evolution of Automated Breaking News Stories | MIT Technology Review: "A quick glance at the twitter feed reveals where more work is needed. One problem is that in many cases, it is not at all clear what breaking news stories the images refer to. Neither are the images generated in the media gallery hyperlinked, so it’s not possible to click through and see where they came from. What’s more, the images need to be cropped so they fit together in a grid but this often results in important information being lost, such as captions being cropped. That’s not to say that the approach doesn’t have potential. There is a growing interest in the automated production of news, and algorithms now exist that van do this in some circumstances with varying degrees of success. It’s quite possible that some of the news we consume in the future will be spotted, evaluated and written and illustrated by an algorithm." (read more at link above) more news below
Journalists, media under attack from hackers: Google researchers | Reuters: ""If you're a journalist or a journalistic organization we will see state-sponsored targeting and we see it happening regardless of region, we see it from all over the world both from where the targets are and where the targets are from," Huntley told Reuters. Both researchers declined to go into detail about how Google monitors such attacks, but said it "tracks the state actors that attack our users." Recipients of such emails in Google's Gmail service typically receive a warning message." (read more at link above)
(Allow video to load after clicking play) When Tina Brown Knew Newsweek Couldn't Be Saved: Video - Bloomberg: Bloomberg (April 3) -- Tina Brown is probably the most influential -- and at times controversial -- magazine editor of the past 30 years. She told Bloomberg about getting expelled from several boarding schools as a teenager, landing her first editor-in-chief gig at 25, transforming Vanity Fair and the New Yorker, and surviving in today’s volatile media landscape. (Source: Bloomberg)
Book Discussion News Users Manual | Video | C-SPAN.org: "Alain de Botton talked about his book, The News: A User’s Manual, in which he looks at the way the news media shapes the way we think about politics, tragedy, crime, and celebrity. He argued that we are bombarded with so much news and information today that people can’t really focus on any of it. He spoke at the Brooklyn Academy of Music’s Rose Cinemas. The event was co-hosted by the Brooklyn Academy of Music and Greenlight Bookstore." (video at link above)
It [Business Insider] said it was profitable in the fourth quarter (usually a good quarter) and that it won't be profitable in 2014. (source infra)
New cash, new questions for Business Insider: ".... Part of the problem, in classic publishing terms, is that Business Insider, like the other traffic aggregators, is not an expression of a particular coherent vision or sensibility that people are compelled to seek out. It is, rather, running after the market instead of creating one. Business Insider, BuzzFeed, Gawker, et al., have created true modern brands — brands larger than their revenue streams and current value. That's a digital conundrum, illusion vs. reality. You can look at them as works in progress — or as houses of cards." more news below
BBC News - Robot writes LA Times earthquake breaking news article: ""Robo-journalism" is increasingly being used in newsrooms worldwide. The LA Times is a pioneer in the technology which draws on trusted sources - such as the US Geological Survey - and places data into a pre-written template. As well as the earthquake report, it also uses another algorithm to generate stories about crime in the city - with human editors deciding which ones need greater attention. Other news organisations have experimented with algorithm-based reporting methods in other areas, particularly sports. The generated story does not replace the journalist, Mr Schwencke argued, but instead allows available data to be quickly gathered and disseminated. "It's supplemental," he told the magazine. "It saves people a lot of time, and for certain types of stories, it gets the information out there in usually about as good a way as anybody else would." (read more at link below)
Photos Become Ads With New Technology - NYTimes.com: ".... To Mr. Paqvalén, publishers should be able to get a piece of the action since their editorial material is, in many cases, already helping people make purchases on web stores. “In the world we’re in today, the publisher is creating impulses, and e-commerce merchants are capturing the value of these impulses,” he said. With Kiosked, he said, publishers themselves “become the web shops of the future.”"
The very public growth of The Intercept | Capital New York:“...You're creating magazines that have a following and have a voice, that's really going to help you with your business,” Bates said. “These magazines will have very unique approaches and to that extent you might see an individual mix of the business models for each one. We've started having conversations about what it will look like or are there subscriber opportunities. But we haven't begun to have those conversations in any detail.” There’s one other question that has given professional media ponderers grist in the last few days: Why call it a “magazine”? "I'm surprised by the question and surprised that it's popping up," said Bates. "It seems that the implications of it would be commonly understood. It's not like the internet invented everything. Magazines imply a certain kind of storytelling. Magazines are where people went if they were passionate about a particular area because that was where you'd find the best expertise in that area, or a diversity of voices in that area....” more news below
Wikipedia vs. the Small Screen - NYTimes.com: "The Internet behemoths Google and Facebook have proved they can still attract users and advertisers as their traffic shifts from desktops to mobile devices. But at Wikipedia, the giant online encyclopedia, the transition to a mobile world raises a different existential question: Will people continue to create articles and edit its nine million existing ones on the small screen of a smartphone . . ."
Journalism Becomes a Crime in Egypt : The New Yorker: " . . . the situation for journalists in Egypt has grown so dire that Marai, now based in Doha, won’t even risk travelling there. The new military-led regime has subjected journalists to months of passive-aggressive treatment (obtaining press credentials has become a bureaucratic nightmare) and a few episodes of outright aggression (arresting several reporters on trumped-up charges, including support for terrorism). On Wednesday, the government opened a new front in its crackdown on the press, announcing that it would formally bring twenty journalists to trial. All of the accused are employees of Al Jazeera, a network that made no secret of its sympathy for the revolution and for the Muslim Brotherhood. But four of the accused are foreigners, with résumés that include work at places like CNN and the BBC. For Marai, who hasn’t been back to Egypt since the military came to power, in July, the message is clear: stay away. “It’s gone crazy,” he told me by phone this week from Doha, where he now works as a consultant and instructor for Al Jazeera. “At this point, people are hoping it only goes back to the way it was during the Mubarak era, and not worse.”..."
Why are newspapers dying? -- why waste time with a propagandist?
Head of UN Mission Investigating Syrian Chemical Weapons Debunks One of America's Main Arguments Washington's Blog: "In other words, the lead author of the UN report on the Aug. 21 incident has contradicted the much-touted “vectoring” claims of a New York Times front-page story and Human Rights Watch, which has been pushing for a U.S. military intervention in Syria. Their “vector analysis” of the two flight paths implicated an elite Syrian military unit, the 104th Brigade of the Republican Guard, based northwest of Damascus, near the Presidential Palace. Since the two short-range rockets had a maximum range much less than 9.5 kilometers – and one of the rockets clipped a building during its descent making any assumptions about its flight path unreliable – the Times’ and the HRW’s “vector analysis” has essentially been debunked, although the Times and other major U.S. news outlets have been hiding that revelation from the American public.. Most of the mainstream U.S. media have simply reprised their propaganda roles played so disastrously a decade ago in the run-up to the Iraq War."
Does journalism have a future? | TLS: "... Out of Print: Newspapers, journalism and the business of news in the digital age shows that something really has changed quite suddenly and dramatically in the press industry. George Brock is a veteran newspaperman, and his main concern in this clear-headed, synoptic and never whiny book is with the institutions where he has spent most of his career. In the United States, newspaper advertising revenue – the main source of economic support by far – was $63.5 billion in 2000. By 2012 it had fallen to $19 billion. (During the same period, advertising revenue at Google went from zero to $46.5 billion.) Employment in the American newspaper industry fell by 44 per cent between 2001 and 2011. In the European Union, newspaper revenue is falling by more than 10 per cent a year. In the UK, newspaper circulation has dropped by more than 25 per cent during the twenty-first century. It would be hard to think of another industry that is going through such a sudden collapse...."
Restart the Presses! - Op-Art - NYTimes.com: ".... The thinking here is that if vinyl records, straight razors, slow food and absinthe cocktails can all mount comebacks, there is no reason print can’t as well. The keys are marketing, perception and, frankly, snob appeal, plus a few minor tweaks...."
AOL Chief’s White Whale Finally Slips His Grasp - NYTimes.com: " . . . Armstrong had a sentimental, and some would say debilitating, attachment to Patch. He helped create it in 2007 while a senior executive at Google. When he got the top job at AOL in 2009, he persuaded the company to buy it. Patch then proceeded to churn through leadership, business models and write-downs on the way to its reduced state. The board of AOL, handpicked by Mr. Armstrong, authorized him to invest $50 million on the idea in 2010 and after that, it became a black hole for cash. By the end, it had cost an estimated $300 million. (AOL said the figure was more like $200 million.) Mr. Armstrong’s big dream had become a nightmare that wore out his shareholders and set off a proxy fight in 2012. The hedge fund Starboard Value L.P. ran for three seats on AOL’s board, saying it did not believe Patch was a “viable business.” The insurgents lost the war, but turned out to be right. Mr. Armstrong was able to keep the peace with other AOL investors in part by engineering a $1.1 billion sale of AOL patents to Microsoft and returning much of that value to the shareholders, but the additional time — or was it rope? — that he secured did not change the outcome at Patch. . . ." (read more at link above)
Where is real discussion occurring? It's online in the blogosphere -- don’t feel nostalgic for the days of authority figures dominating the discourse. Intellectually, in economics at least, these are the good old days. (Paul Krugman - source infra)--
The Facebooking of Economics - NYTimes.com: " . . . Anyway, at this point the real discussion in macro, and to a lesser extent in other fields, is taking place in the econoblogosphere. This is true even for research done at official institutions like the IMF and the Fed: people read their working papers online, and that’s how their work gets incorporated into the discourse. How does the econoblogosphere work? It’s a lot like the 17th-century coffee shop culture Tom Standage describes in his lovely book Writing on the Wall. People with shared interests in effect meet in cyberspace (although many of them are, as it happens, also sitting in real coffee shops at the time, as I am now), exchange ideas, write them up, and make those writeups available to others when they think they’re especially interesting...." (read more at the link above)
New York Times to Unveil Redesigned Website Next Week - NYTimes.com: "... Denise Warren, the executive vice president for digital products and services for The Times, said in a statement that the goal was to improve the user experience for both desktop and mobile users. The redesign includes features like responsive designs and faster loading pages, and allows for much more reader engagement with the content. Readers will be able to view comments directly alongside articles. “With more prominent video and photography, the new features are highly immersive and enhance our readers’ ability to share and comment throughout articles,” Jill Abramson, the executive editor, said in the statement. The redesign will also contain a platform featuring content paid for by advertisers. Such content, known as “native advertising,” has raised concerns among some journalists that it could blur the lines between the editorial product and material provided by advertisers."