Posts Tagged ‘Print’

Does Fox Media reflect a trend for traditional media in the future?

October 6th, 2010 by Daniel Young | No Comments | Filed in Media, Politics

Traditional media can respond to the changing media environment in a number of different ways, what’s crucial to them is the need to stay relevant and attract an audience.  There are probably many ways that traditional media can achieve these objectives.

One option is to move away from the convention of neutral news reporting and move into more opinionated territory.  This opinion could take many forms  but fundamentally newspapers either become more political or more activist.  I think a good example of the latter is The Guardian campaign in support of the International Year of Biodiversity.

On the political spectrum we have the politically aligned Fox News, which as Paul Krugman of Princeton University says in this article for the New York Times has ‘decided that it no longer needs to maintain even the pretense of being nonpartisan’.

“Nobody who was paying attention has ever doubted that Fox is, in reality, a part of the Republican political machine; but the network — with its Orwellian slogan, “fair and balanced” — has always denied the obvious. Officially, it still does. But by hiring those G.O.P. candidates, while at the same time making million-dollar contributions to the Republican Governors Association and the rabidly anti-Obama United States Chamber of Commerce, Rupert Murdoch’s News Corporation, which owns Fox, is signaling that it no longer feels the need to make any effort to keep up appearances.”

Of course, political alignment in the media is not a new thing but out and out political bias, control and affiliation is.  Perhaps its inevitable given the completely unfettered nature of the blogosphere but a potentially worrying trend nonetheless.

Will political opinion and vested interests characterise the future of media?  Do you think activism is a sustainable strategy for traditional media in print and online?

Tags: , , , , , ,

Microsoft takes the bait, enters discussions with News Corp

November 23rd, 2009 by Daniel Young | No Comments | Filed in Media, Search

It was pretty obvious that Rupert Murdoch’s recent announcement that News Corp would prevent its content being indexed by Google was an appeal to other search engines to step up to the plate.  I have half expected other publishers to make their own ‘anti-Google indexing’ announcements but it seems that they are keeping quiet for the time being to see what eventuates.

The FT reported today that News Corp and Microsoft are in ‘discussions’.  Microsoft is determined or desperate to catch up with Google in search, the latter being streets ahead.  Microsoft has made it clear that it will invest heavily to achieve its goals. 

Could Microsoft turn the tide in search through exclusive partnerships with publishers? 

Update: Some interesting perspectives on today’s developments…  

Tom Foremski at SiliconValleyWatcher: Is Murdoch Setting Up a Bidding War for News Corp. Index?

Danny Sullivan at Search Engine Land: Why an Exclusive WSJ Deal Wouldn’t Help Bing

Tags: , , , , , , , , ,

Media Directions: Forces at play that will determine the future of media

October 19th, 2009 by Daniel Young | No Comments | Filed in Media

Media Directions

It’s the question on everyone’s lips: What will media look like in the future?

I was riding the 6:02 from North Sydney to Central station on the way home from work this evening. The girl sitting in front of me was reading two forms of media simultaneously.

In both hands she held The Metro newspaper, a free city newspaper here in Sydney and in her right hand she also held her mobile handset, which was clasped at eye level. She was switching between the two – old media and new.

It was a good metaphor for the forces at play in media. These well reported forces are transforming the media industry and giving media industry moguls like Rupert Murdoch major headaches. Every dogs gets its day, as they say.

I have been thinking about the forces at play on the media industry – it’s relevant to a project I am working on at the moment.

Media in the future won’t necessarily be re-shaped by one  extreme at the expense of another but I think its safe to say that the chips have to ultimately fall on one side or the other, in most if not all cases.

The sooner the better because media is important and sustainable and credible industries need certainty.

So here’s a black and white analysis of some of the forces influencing the future of media. There’s no thinking behind the black and white. The direction that media takes has fundamental implications for the marketing industry but also for our society, communities and families in the future.

It’s with great pleasure that I announce the launch of a new Just Another 24 Hours Series entitled Media Directions. This follows the short and sweet The Microhoo Application series.

The Media Directions series will tackle the forces outlined in this post one by one and seek to pick one winner over another (if possible). The series will capture the characteristics of future media . This analysis will be highly subjective with the occasional statistic and fact thrown in for good measure.

And if you have any suggestions about other forces impacting the media industry then please add them to comments and I will tackle these in due course.

The outcome for Media Directions will be a definitive mind map of the media industry of the future, which will act as a foundation planning and strategy tool.

Watch this space.

Subscribe to Just Another 24 Hours by Email

Tags: , , , , , , , , , , , ,

Options Still on the Table to Support the Future of Quality Journalism

June 7th, 2009 by Daniel Young | No Comments | Filed in Media, Public Relations, Technology

Simon Sharwood, a freelance journalist in Australia, recently blogged two out of his three ideas for new business models in print journalism. Both ideas are based on the concept of industry funding.

In the first, funding would come from industry associations and industry groups. In the second, the PR industry funds print journalism via a licensing system, which grants the license holder access to those journalists – similar to the registration of lobbyists.

newspaper-kiosk

Both concepts seem to create dependencies that would undermine journalistic independence and integrity, although the risk of this occurring in the second model could be minimised: “…to be a registered PR, one would stump up a fee that goes into an independently administered fund that is then redistributed to publishers with oversight to ensure it goes on wages” (Simon – in comments).

Putting aside the practical challenges of this model, some of which are discussed in the post, I doubt that the model would be sustainable. Funding from the PR industry would be a diminishing return as media relations become a smaller part of what PR agencies do.

Here’s where I come up with my alternative solve all solution.

I might need to get back to you on that but here are some other funding alternatives:

  • Newspapers earn not for profit status and the associated financial and tax breaks
  • Introduction of a subscription/ micro-payment system that covers multiple competing publications. Check out ViewPass, which would process payments and collect data to drive targeted advertising or trade content for information about the reader’s preferences and interest.
  • Newspapers regulate the re-use of content – in the same way that the music industry does.
  • Philanthropy may sustain some publications.

The subject is such an emotive and complex issue. I am definitely in the ‘newspapers are a good thing’ camp – but at the end of the day if the model ceases to work then we have to let ‘nature’ take its course.  Consolidation is inevitable but I think that the concept of a newspaper-less society is somewhat alarmist.

By the way, newspapers are flourishing in the developing world.  man-reading-newspaper

Ultimately, I see a small number of print publications containing analysis and opinion available internationally, nationally and in major cities. They’ll play a key role in holding institutions, business and Government to account and would be supported by the not-for-profit- funding model if advertising revenue alone was not sufficient.

I am positive that the pendulum will swing back from digital to traditional media and that things will balance themselves out.

Quality print journalism will survive even if the industry is vastly consolidated and readers will turn to the Web for breaking news, trade/niche content,  entertainment and video. I don’t personally have an issue with a micro-pay scheme – I’d be happy to pay a small amount for quality content from someone that ‘appreciated the technical nuances of the fields concerned’.

There continues to be considerable opportunity for the newspaper industry to reduce cost which makes this scenario seem feasible. Moody’s estimates that just 14% of newspaper operating costs are related to content creation. It’s not all doom and gloom – there are still workable options.

Tags: , , , , , , , , , , , ,

Internet Ends Monopoly on Journalism and News Content Production Says Alan Kohler

April 2nd, 2009 by Daniel Young | 1 Comment | Filed in Media
Alan Kohler, Business Spectator

Alan Kohler, Business Spectator

Alan Kohler argued that the Internet has put an end to the cartel which existed between a small number of publishers in the era of print media as it eradicated the high barriers to entry such as printing presses and licenses (in the case of broadcasting).

Print is a highly ineffecient means of conveying news, he said, adding that the Government would be mad to support ‘public trust journalism’ via print publications. He viewed the recent increase in subsidies for print media legislated by Sarkozy as the latest example of ‘loopy French economics’.

Kohler – as an online publisher – strongly supports the trend towards digital media stating that the industry is in a transition mode. These points formed part of a panel discussion for the ABC’s Saturday Extra program on Radio National entitled, Quality Journalism: How Pays? Does it Matter?

Alan Kohler is the publisher of Business Spectator (online business and finance news) and The Eureka Report (subscription based investor news service). He said that the Business Spectator – founded 16 months ago – would ‘make a profit before too long’.

Philanthropic support and/or Government funding could help protect public interest journalism in Australia, according to Eric Beecher, publisher of Crikey.

The panel also included Wendy Bacon (Centre for Independent Journalism, UTS), John Hewson (Liberal Party Federal Leader, 19901-994) and Campbell Reid (Group Editorial Director, News Limited) with Geraldine Doogue, as moderator/presenter.

I have mixed feelings about the decline of newspapers. I agree that traditional mass media is effectively a monopoly but its also representative of national consciousness (imperfectly but as close as we know), it leads and sets the agenda. Digital media lets the audience set their personal agenda and that has inherent limitations (you don’t know what you don’t know).

I’d like to think that the power of the Internet to mobilize large numbers of people around campaigns and ideas will be effective in holding our institutions to account in the future but this still requires instigation, leadership. The danger is that we lose print media and have nothing to fill the void and each individual retreats into their own echo chamber of self determined media, opinion and content.

Tags: , , , , , ,

Media Industry Luminary Predicts Closure of Two Major Australian Metro Broadsheet Newspapers

April 2nd, 2009 by Daniel Young | 1 Comment | Filed in Media
Crikey's Eric Beecher

Crikey's Eric Beecher

Eric Beecher (Publisher of Crikey) painted a dark future for the print versions of The Sydney Morning Herald and The Age newspaper during a panel discussion for ABC Radio’s Saturday Extra program earlier today. The discussion ‘Quality Journalism: How to Pay for it? Does it Matter?’ focused on the future of print journalism in Australia, new business models and the concept of public trust journalism.

Pointing to the fact that few cities internationally are able to sustain two daily newspapers (many are struggling to sustain one), Beecher made the point that News Corporation with The Australian and its tabloid dailies in Melbourne and Sydney would take the opportunity to ‘wipe out’ the Sydney Morning Herald and The Age. A ‘not unlikely scenario’, he said.

Tags: , , , , , , , , , , ,