Final (Reading) Flashcards
When will newspapers disappear completely? How about other news media like television news and radio journalism?
It’s unlikely newspapers will entirely vanish.
Same for a variety of other news media – they’re destined to last for a long time in one form or another → many are repurposed.
It is possible, but history says not to assume b/c they often find ways to accommodate each other
What will “the new social roles” of these old media be?
Text journalism will increasingly provide context for breaking news events
Visual journalism will focus more on discrete occurrences
Auditory news will focus on combination of context & storytelling
We’ll probably see blurring of the lines with the different formats
Visual & video media to remain that of bringing readers dramatic or explanatory info – some submitted by ordinary ppl
Social context of print will shift toward narrative & explanation
Is there a magic bullet that is going to solve all of journalism’s future revenue problems? Can “paywalls” save the news?
No
Paywalls won’t save the news – they’ll grow in importance and increasingly become less controversial, but NO magic bullet → it’s a very complex future for journalists revenues.
They’ll provide some revenue, but not nearly enough to maintain business operations & staffing
You said that hundreds of newspapers and magazines have instituted metered models for access to news content. Is that pretty much all of journalism, then?
No, it’s far from all of journalism
Many online-only publications, new journalistic startups, and many print-digital hybrids still offer content for free
Almost no broadcast news found online operates behind a paywall
Why? - why doesn’t all of journalism use paywalls
Economic: despite growth in “direct payment models” for news, some outlets have continued to try to find other ways to subsidize the journalism they produce.
Also might be likely some companies have cultural aversion to charging consumers for news – think it’s impossible or morally wrong
So what are these other models? What other options for future revenue growth are there?
1 The Direct Payment Model
2 The Native Advertising Model
3 The Venture Capital Model
4 The Traditional Advertising Mode
(other models for journalism revenue)
1 The Direct Payment Model
Readers will start to pay for the news they want directly. They can subsidize new orgs by purchasing content through subscriptions/newsstand sales. It eliminates the intermediary orgs that stand between consumers & producers (aka advertisers)
(other models for journalism revenue)
2 The Native Advertising Model
Making better ads and blurring lines between news & ads in the first place. It continues to rely more heavily on ads, but the ads are designed internally by creative teams at news orgs and made into publications so they blend in with actual news content. Has been controversial, but also successful
(other models for journalism revenue)
3 The Venture Capital Model
Venture capitalists that invest large sums of money into news outlets. They may be impressed with plans to create & market content-management systems and build native ads, but investments are usually based off predicted future growth…that may not be accurate
(other models for journalism revenue)
4 The Traditional Advertising Model
Online advertising with ads popping up or appearing on webpages. The shift to the “mobile web” and direct partnerships between online platforms like FB and news publishers like NYT may make traditional ads worth it again
How about public funding for news? Could that somehow solve the journalism revenue crisis?
No, not in the US – funding will probably decline
But, the US gov’t faces media regulatory decisions (ex. net neutrality) that can impact future finances of journalism orgs that are beyond direct funding levels
Will nonprofit news outlets become key players in the journalism landscape of the future?
They’ll only produce a small % of the journalism in the US, but it’s likely they’ll have an above avg. impact on audiences & the public
Will make only a portion of news b/c: the dominant media structures have been for-profit, and non-profits are more niche-focused which has relatively small audiences
How are the distinctions among nonprofit, for-profit, and public media becoming harder to draw?
The public media system is turning to advertising and a variety of Silicon Valley-inspired organizational innovations to make up for shrinking gov’t financial support
This shows the blurring line btw public/non-profit & commercial journalism
What about public media organizations in other countries, like the BBC? What will their future be like?
Even the most powerful public service broadcasters are vulnerable to larger changes in journalism
Even though British households subsidize BBC, it’s subject to political pressures – some don’t like the service fee/tax, others think its power is an unfair advantage over emerging digital news
What about streaming video in general? Will that become an increasingly popular way to get news?
Almost certainly it will – news videos can command premium ad prices in a way text can’t. The ability to stream high-quality video will grow; emergence of new visual formats like raw footage from citizens etc.