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Global Economy
by tj on March 4, 2004
Techdirt links to an excellent analysis from Vin Crosbie about the current state of newspapers. He also provides a three-step-solution for saving (or even growing) the industry.
"Most printed newspapers' circulations and readerships meanwhile continue their steady 40-year declines. More than 80 percent of American adults read a newspaper each weekday in 1964, but only 58 percent did in 1997, according to the Newspaper Association of America. In 2003, an estimated 54 percent read a newspaper each weekday. Most analysts predict that fewer than half of adults will read the paper every day by the end of this decade.
Like other executives in formerly Industrial Era businesses that must adopt mass Customization, newspaper editors will find many of their traditional practices must change. When there are as many editions daily as there are readers, no one editor or editorial team will have time to examine, edit and approve each story seen by each reader. Instead, the editors must examine, edit and approve the flow of stories rather than on just one generic edition of stories. That's not an insurmountable editorial problem: Stories from wire services and syndicates have already been edited.
All this can now be done online, where the generic limitation of the analog press doesn't exist. Nevertheless, almost all newspapers' Web sites publish only the stories that those presses print. Customizing content should be an imperative task for newspaper new media staffs, but the customization isn't even on the radar at most publications.
This also means that newspaper companies should even acquire distribution rights to stories and information from reputable sources that might not traditionally have been parts of newspapers -- such as trade journals, newsletters, magazines, blogs, other Web sites, etc. The communications, indexing (notably XML), and billing technologies already exist to do this.
A newspaper's service is to aggregate and deliver all the news that a reader should be interested in that day. This service can be branded, but it shouldn't be a package of only one brand's content, and that content should possibly be from all sources, including nontraditional newspaper ones.
This service saves readers from having to search hundreds or thousands or millions of the world's content sources for that information -- a vital service in an era of data smog. It's a service for which newspaper companies should be able to generate great revenues and secure larger readership in the 21st century."
Permalink: the new shape of publishing
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/1007
Mr Wong
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Response from:
Vin Crosbie
(03/06/04 4:14pm)
Response from:
TJ
(03/08/04 8:36am)
I agree with Vin's statement. RSS is just another way to access content. It destroys the former binding between layout and content. Also it's so far ad and spam free. So it gives a great new way to reach (and search) your favorite content.
However the content of a feed is still subject to manual work. The only way different I know of is http://www.topix.net
that maintains thousands of newsfeeds for many sections, parsed automatically from thousands of sources in the net. So Vin's mandate to the newspaper industry is still valid. Content selection rather than distribution is likely the new role of many media companies.
However the content of a feed is still subject to manual work. The only way different I know of is http://www.topix.net
that maintains thousands of newsfeeds for many sections, parsed automatically from thousands of sources in the net. So Vin's mandate to the newspaper industry is still valid. Content selection rather than distribution is likely the new role of many media companies.
Response from:
TJ
(03/09/04 7:16am)
It seems you have taken the RSS aggregator a step further. :-)
Consumer also have very specialized interests, so it's easy to create niche channels. I'm also not sure if it's possible to sell these "data filter" services through subscriptions, but I'm pretty optimistic these channel provide a great and much targeted marketing opportunity.
To determine how big the value for consumers is - well it's certainly >0. So I guess free filter channels will become more consumed. The question is more if you are doing this sorting manually or automatically.
Consumer also have very specialized interests, so it's easy to create niche channels. I'm also not sure if it's possible to sell these "data filter" services through subscriptions, but I'm pretty optimistic these channel provide a great and much targeted marketing opportunity.
To determine how big the value for consumers is - well it's certainly >0. So I guess free filter channels will become more consumed. The question is more if you are doing this sorting manually or automatically.
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RSS is a one-to-many publishing vehicle: It sends to all recipients whatever is of interest to its PUBLISHER, not necessarily whatever is of specific interest to each of the RECIPIENTS. It doesn't allow each recipient to receive only those RSS postings on the topics that specifically interest that recipient. For example, I recently dropped a friend's RSS feed because only one in about 12 to 15 of his items interested me. That one item might greatly interest me, but I got tired of wading through the chaff.
The model suggested in my article is the opposite of RSS: Not a one-to-many feed unique feed fromthe publisher but a many-to-one feed to each reader.
Vin