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Friday, November 27, 2009

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xarkgirl

It's not that we can't imagine it - I know people with some brilliant ideas - it's more about timing. Innovation is a process that needs room for failure. Most media discussions are heavily skewed by the urgency of the now. Experimentation - and the readjustments that arise from it - is a luxury.

The time to imagine a stronger hull isn't after you rammed an iceberg. At that point, you're just trying to save the boat. The better design will come from those past the fear of drowning.

Katherine Warman Kern

Bingo!

Change is uncomfortable, so it's probably natural to hold on to the familiar.

Agree that so far New Media is just an extension of "Old Media" in terms of distributing content original to other media and relying on the same free/ad supported business model.

So, it seems ironic that when "Old Media" says "A business model dependent primarily on advertising is dead" (Murdoch at FTC), "New Media" (Huffington) says he is desperate.

The first step to imagination is to stop denying, right? So who is closer?

Katherine Warman Kern
@comradity

Dan

To my way of thinking, both Murdoch and Huffington remain distantly related cousins on the same family tree. What they're really arguing over is the idea that you can/should be able to charge people to read disposable crap. Murdoch needs that money, because with his print products he's upside down in terms of overhead and revenue. Huffington doesn't care, because she makes enough money on traffic.

Which is a legit business model: Come up with a product that scales to a mass audience (readership at Huffington Post is national), then staff it with a people who fit under your revenue expectations. Keep your overhead low, and there's your business.

Thing is, this does nothing to solve the problem of local news coverage. Everyone agrees it's valuable, but the more local it is, the fewer the people who value it. It's why I suspect there will be some interesting / weird pro-am hybrids over the next few years. I just don't see that transitional state becoming the new standard.

Huffington generates original content, but I don't foresee a scenario where Huffington-esque media outlets generate enough quality content (national, local or otherwise) to replace the content we've lost due to print cutbacks, much less the content we're about to lose as print pubs shut down for good.

So when people talk about paid content models, my answer is that we need to come up with content that's worth paying for, and standard low-grade journalistic writing is just not worth much these days. I suspect, but cannot yet prove, that integrating smart data principles into our theory of the press will begin to produce things that people will pay to use/own.

I'm fortunate to be working with some people who share that vision.

Dan

And let's be clear about one other thing: the cable news channels don't care about the newspaper companies' claims about paid content. Never have, never will. Their business model still makes money, and they don't even pretend to charge people for content the way the print people do.

So even if Murdoch gets his way and all the newspaper companies follow him into a pay-to-read future, it's going to be a short-lived future so long as BBC and CNN and FOX and MSNBC and the three networks keep pumping out text-based news on the web.

And what would happen locally if The Post and Courier went dark to non-subscribers on the Web? Great news for The City Paper, three TV affiliates, multiple blogs and micro-sites and, of course, TheDigitel.com, which continues to advance its claim to being the center of the Web news universe in Charleston.

None of those organizations is currently staffed to do the kinds of data journalism that I'm talking about, and honestly, most of the newspapers are too far gone to make the change. But when someone makes the turn, the game will change. It will be like World War I at the introduction of the tank: A largely static stalemate, but one side will have gained the ability to maneuver. In those situations, despite the appearance of equilibrium, collapse occurs rapidly.

Michael Josefowicz

Interesting post. Have you considered the model of Texas Tribune. VC funded to the tune of $2 million for two years operation. 14 people on staff. Top person gets over $300 K. Everybody else gets grown up salaries.

It's an interesting example of entrepreneurial journalism. The focus is Texas. Sort of hyper local but big enough to be interesting. They give away all rights to reproduce their stories. In fact they've made a deal with a bunch of print newspapers and cable channels.

The revenue stream is paid circulation for inside Texas politics. Plus holding events. Plus some fund raising. They are incorporated as a non profit.

It seems plausible to me. The way I see it, the data structure you propose is now trapped in wetware - very experienced journalists.

The exit strategy is a bit tricky. But any business where the value creators go home every night have a similar problem.

Do you think this makes sense?

Cody Brown

Nailed It.

My only comment is that describing exactly what's in that gap poses all kinds of challenges. I think you are right that you have to have a 'teaching approach' to what's happening.

I think few understand this more precisely than O'Reilly: http://www.youtube.com/watch?v=ir_7NJGhvsM

Dan

Actually, I think the way we'll evolve a data economy will be a tough transition for experienced journalists like me. What I'm talking about isn't *just* what we used to call "computer-assisted reporting" at IRE conferences, and in fact it's really not even *about* that kind of story.

Instead, I'm proposing that the collection of data in the process of reporting (so long as it's stored in an intelligent data structure), will eventually create value. It could be a database that is sold to urban planners, or marketers, or insurance companies, or Realtors. It could be data that gets built into various mashups, overlays and interactive tools that no other competitor can mimic.

Could reporters use that information to search for patterns and do some great journalism? I sure hope so. But that's not the reason for doing data collection. And experienced reporters aren't going to be our prime data collectors.

I suspect the best place to begin will be in some area with known informational needs. I suspect the best way to structure that data collection effort will be around the needs of the potential client. Normalize all your fields to an industry standard, use existing flavors of XML, and work these tasks into your newsroom staffing plan.

As I've discussed elsewhere, in some cases the collection will be done by clerks. In others by reporters. There will uses for Text Mining Engines and auto-tagging of natural language text, just as there will be situations where the logical tool for entering the data is a wizard interface rather than a word processor. But in every instance, the goal will be the creation of datasets that are accurate, complete, useful, interoperable and efficient.

If you're a journalist, you know how sloppy the average daily report actually is. I think this approach will quickly draw a line between sloppy narrative and transparent data structures. Data can be just as misleading as poor storytelling, but if methodologies are open, we can deal with that much more effectively.

I like the Texas example you gave, particularly in its inclusion of events in its business model. But I don't like non-profit approaches most of the time, and a statewide political report really doesn't match the local news coverage that I'm trying to fund.

Anyway, the exit strategy would be two-fold: Valuable data, which is an asset that can be sold; and tools and processes, which can be sold as products or distributed freely as platforms.

I'm working with Abe Abreu on a data repository project at the moment, and we'll learn more about these issues as we move into the Alpha phase this winter/spring.

Jeff Ja

Dan,

I finally got the time to respond: http://www.buzzmachine.com/2009/12/07/the-near-future/

-jeff

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