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.
So it seems like you’ve been avoiding a straight answer to this: What’s the business model for the new/old journalism hybrid?
There won’t be just one model (single source of revenue is over) → subscriptions, metered walls, native ads, tech services, Silicon Valley investments, and gov’t & foundation funding
They’ll need to diversify their funding streams
What does the “rise of mobile” mean for the future of journalism?
News publishers haven’t settled on appropriate strategy to deal w the changes through which journalism is consumed → most news isn’t “optimized” for mobile devices
More than half of all Internet use is through mobile devices tho
The way publishers get money in mobile marketplaces changes – customers more willing to pay for mobile news but mobile ads are hard
Is there a big difference between local and national news coverage when it comes to the future of news?
National news orgs will probably be more economically successful than local/regional news
B/c: local gets very little traffic (load slowly, hard to navigate etc.), small advertising opp., less broad readership, & ppl care more about national news
It sounds like news coverage based on geographic location might be less important in years to come. Is that right? And if that’s the case, what coverage options are there other than geographical ones?
That’s probably right – the future is likely to bring more & more non-location-specific news services
Instead, probably more digital news arranged around overlapping interests of small groups of ppl as well as niche elites → they could cater coverage to specific subjects not bound by geographical location ex. Videogames or rugby
Buzzfeed isn’t tied to a location, but has high readership
What about ethnic and other non-English language media in the US, particularly Spanish language journalism?
Their importance and power is likely to grow in the future as the bilingual pop of US increases
Spanish language journalism isn’t the only ethnic media, but it’s the most central to the daily life of this group
Yet, they’re not immune to general decline of newspaper business
So does this mean we see news continue to fragment?
Maybe – 2 ideas:
Yes: news outlets will rely on smaller audience with well-defined interests & reasons for consuming the journalistic content
No: there are globalizing trends that draw audiences together – new digital intermediates like FB and Google became widely used mass audience platforms
Future will see both increased fragmentation and integration at the same time
So is this fragmentation a bad thing?
Many future-of-news commentators think it’s universally bad
But it also creates new communities and new freedoms to learn about the issues that concern you directly – these less powerful communities can engage
Will the kinds of news collaborations discussed in Chapter 2 continue? How might they change in the future?
Collaborations will continue & become more common – but for certain kinds of journalism over others
It’s still a minority practice cause newspapers compete, but will be more important
The technological ability and economic incentive will increase
Most common will involve investigative reporting on institutional practices of gov’t’s & corporations and some breaking news events but never investigative journalism on exposing individuals
Facebook and news companies are increasingly working together to host some news stories. Is this another example of news industry partnership and collaboration?
Yes, but more so a “platformization of news” – FB hosts the content rather than publishing it themselves
News orgs will increasingly depend on platforms for traffic b/c they’re more powerful and play an active role in the business of journalism