Re-inventing Journalism: Why Innovation Is The Only Way To Save The Media

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No matter what your interest is in the media it’s hard to escape talk about the possible demise of the journalism industry. Once powerful newspaper companies are now struggling to stay afloat in a market that has primarily moved online. But with an ever expanding and socially driven marketplace the only way to survive will be to innovate. This innovation must be driven by the mobile space and deliver news content in a way users want to read it. A new journalism model must be interactive, it must be engaging, it must be social, and it must be different.

While most companies have shifted their reporting efforts towards the online market it has not come without significant restructuring and downsizing in an attempt to maximise profits from a dwindling advertising market.1 No matter the size of the company, or the significance of their online presence, they have all been affected. The New York Times, for instance, has shed hundreds of staff since 20082 and also restructured the editing of its news service.3 These company wide cuts are despite The New York Times website receiving around 20 million unique visitors every month4. The website alone simply can’t sustain all the resources which the print edition has built up. Other major companies like The Los Angeles Times have also shed staff with almost half of their once 1200 strong workforce axed in the past 9 years.5 Another casualty is the American television network news giant ABC, which has been planning to cut up to 400 jobs from its 1500 strong staff this year.6

The big problem for news companies is that they are still thinking about how money was made during the golden years of print and broadcast. Advertising has always, for most media companies, funded quality news and investigative journalism. News is expensive but these models of journalism and revenue making cannot be directly shifted to the internet without modifying them. They must be modified to make the most of the technology available. Some websites have tried to create the ideal blend by integrating multimedia and social features but these integrations are often only surface repairs, masking an archaic structure. Adding extra content and features has often been merely an afterthought but not the focus of how the websites were designed. Most of these integrated news websites are still funded by advertising with a few exceptions. The Wall Street Journal, successfully use a subscription-based pay-wall system to fund their efforts, and others like the Australian Broadcasting Corporation are funded entirely by Government; but these are the exceptions. For other sites the ads used are still similar to the past just having taken a new form with a combination of banner, video, pop-up, viral, and text. Often these ads can crowd the layout of a website leaving only a small amount of room for journalistic content. This content is often just a replica of a story already published in another medium or has been used entirely from a newswire service. Such poor designs and approaches to online news development may explain why many news websites are seeing rapid declines in the time users spend on their sites.7

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Show 7 footnotes

  1. Rupert Neate, “Times Newspapers loses £88m as advertising drops,” Telegraph.co.uk, March 23, 2010, http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/7500527/Times-Newspapers-loses-88m-as-advertising-drops.html.
  2. David Folkenflik, “’New York Times’ To Make Deeper Staff Cuts,” NPR, October 19, 2009, http://www.npr.org/templates/story/story.php?storyId=113942218.
  3. Richard Pérez-peña, “New York Times News Service to Cut Jobs and Relocate,” The New York Times, November 13, 2009, sec. Business / Media & Advertising, http://www.nytimes.com/2009/11/13/business/media/13times.html?_r=1.
  4. Zachary Seward, “Top 15 newspaper sites of 2008,” Nieman Journalism Lab, February 19, 2009, http://www.niemanlab.org/2009/02/top-15-newspaper-sites-of-2008/.
  5. John Koblin, “Los Angeles Times Cuts Staff for Third Time This Year; 10 Percent of Newsroom Let Go,” The New York Observer, October 27, 2008, http://www.observer.com/2008/media/l-times-cuts-staff-third-time-year-10-percent-newsroom-let-go.
  6. Brian Stelter and Bill Carter, “ABC News to Cut Hundreds of Staff,” The New York Times, February 24, 2010, sec. Business / Media & Advertising, http://www.nytimes.com/2010/02/24/business/media/24abc.html.
  7. Jean Chainon, “US: Time spent on top 30 newspaper sites tends to decrease – Editors Weblog,” EditorsWeblog.org, February 20, 2008, http://www.editorsweblog.org/multimedia/2008/02/us_time_spent_on_top_30_newspaper_sites.php.

The FULL Steve Jobs Interview From D8

Finally the full Steve Jobs interview from the All Thing’s Digital D8 conference has been posted online. Jobs has a lot of important things to say and it is definitely worth watching, especially before you watch the WWDC 2010 keynote.

Check it out below.

I will post some of the other interviews as they become available.

A Look Inside The Hoodie – Facebook CEO Mark Zuckerberg Talks Privacy

Following on from Steve Jobs the next person in the hot-seat at the All Things Digital, D8 Conference, has been Facebook Founder and CEO, Mark Zuckerberg. The big topic on the agenda…. Privacy.

If you haven’t been paying attention lately Facebook has been under fire from its users for its many changes to privacy settings. Every time the site makes a change users come out angry and frustrated that their data has been made public.

The latest change was a shift back in the opposite direction after Facebook had first made it impossible to hide all of your data. The latest rollout allows users to now control the privacy for almost every aspect of their profile.

In the video Zuckerberg explains the importance Facebook places on privacy and why they made the changes they did.

A Look Inside The Hoodie

Following on from that, Zuckerberg even showed off his almost iconic hoodie. The reason he did this was to show off the fact that he has Facebook’s mission statement written inside.

Initially Facebook was started in a dorm room and so Zuckerberg points out that initially it was just a project, they never expected Facebook to be huge. Rightly, Zuckerberg was trying to show that Facebook really does care about making the world more open and connected and didn’t want to harm users.

I actually think it is rather cool that they print their mission inside their hoodie. What do you think, is Facebook really a cult?

Steve Jobs Tells D8 We Need Editorial Now More Than Ever

In the past few months everyone has been talking about the iPad and how it might save the journalism industry. Finally Steve Jobs has commented on the situation at All Things Digital‘s D8 conference held this year at the Terranea Resort in Rancho Palos Verdes, California.

Steve spoke clearly with Kara Swisher and Walt Mossberg about many topics, questions, controversies that have come up surrounding Apple recently and was incredibly open about all of them. The most interesting thing that he had to say however was that he didn’t want to see editorial die and be taken over by a nation of bloggers. I think Steve made it clear that journalism needs to exist as an iteration of its current form and that the iPad may just be the catalyst for helping news organisations innovate and make money.

Check out Steve’s comments on how the iPad was designed and how it could impact on journalism.

If your interested in some of the other things Steve at had to say at D8 then check out more of the videos below.
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Why Google Is So Important To Journalism

If you have followed the journalism debate for a while you will know that Rupert Murdoch has been out to get Google and other news aggregators. He has said that Google is stealing all his content (which is simply not the case), and so is putting up pay-walls around all his websites.

This week though I’ve been reading a great book written by Ken Auletta called Googled: The End of the World As We Know It, and it has done nothing but solidify my position that Google is vitally important to online news.

Auletta’s book is a history of Google starting from the beginning, however it covers the company from many different perspectives. One of these perspectives looks directly at what Google has done with news content through Google News. The book goes through a lot of the reasoning behind different decisions by Google and some of the deals it has made with the likes of the Associated Press and other media. But the issue for Murdoch is that he thinks Google has been stealing his content. I only have one question for Mr Murdoch…. What content does he have worth stealing???

Since when has a News Corporation company really cared about creating quality content which is worth paying for? With the exception of the Wall Street Journal of course. Murdoch needs to stop complaining about Google and other aggregators which send them large amounts of traffic. They can’t possibly survive digitally without having their content indexed in some form by Google. Google is the pathway to information for most people, no other search engine matches this.

Whatever Mr Murdoch thinks, the fact remains that Google is not out there to destroy companies but is out there to make information accessible. They’re innovators, and it’s hard for innovators to sit still while a market is dying. It is impossible for Google to operate without looking at a market that’s stagnant and saying, ‘we can do better’. But if news organisations were even interested in keeping readers on their sites they would learn to be innovators. If they were innovators maybe they would be receiving the huge amounts of traffic which Google is receiving. Newspapers have a huge amount of data and should have been in search for a long time. Either way they need to start making quality content for all devices.

It is not just enough to distribute your content to multiple platforms but news companies need to learn to create quality content specifically for a platform. Platform specific content is the only way you can create serious profit from all mediums. It’s the only way to create content which does not take away the need to view news on another device. If I look at news on my phone, why would I want to read the same thing on my laptop? There needs to be a reason for me to go to each product offering.

Learn to innovate and add value to all of your offerings. This is the only way to be successful digitally.