A few days ago on this blog, Paul Bradshaw wrote what he called one of the most important posts he’s ever made. Here it is.
In it he describes how the era of the awkward, socially backward geek is nearly behind us. They’re not geeks, he says, they’re early adopters. And you’d better listen to them if you want to stay a step ahead of the game. Continue reading →
Over at sister blog JournalismEnterprise.com there’s an interview with Rue89 co-founder Pierre Haski.Rue89, a French news website, “doesn’t live off advertising. The cash flows from 4 sources:” Website design (50%), advertising, third-party services, and contributions from users (the tip-jar model). “The ad money is “out of reach” for a mid-sized player such as Rue89 and “it’s unclear if it will be in the future”.”
The biggest problem for newspapers is not falling readerships, it is falling advertising revenue. It is the move from local monopolies to a global platform where competition is everywhere, and advertising less lucrative.
For all the talk of how journalists can get a grip on new media, there’s been far too little on how ad sales people can do the same. So here I present ten ways ad sales people (and their managers) can save their jobs. Continue reading →
Here’s the good news for mobile phone websites: Vodafone has “seen a 50% rise in revenues from its data services over the past quarter, after the number of its customers using the web from mobile devices more than doubled.” Continue reading →
What happens when you bring together local journalists, bloggers, web publishers, online journalism experts and new media startups – and get them talking?
That was the question that JEEcamp sought to answer: an ‘unconference’ around journalism enterprise and entrepreneurship that looked to tackle some of the big questions facing news in 2008: how do you make money from news when information is free? Where is the funding for news startups? How do you generate community? What models work for news online? Continue reading →
“To follow the money, you have to shift from a basic view of a market as a matching of two parties — buyers and sellers — to a broader sense of an ecosystem with many parties, only some of which exchange cash.
“… There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, “value-added” subscriptions, and direct ecommerce (see wired.com/extras for a complete list). Now an entire ecosystem of Web companies is growing up around the same set of models.”
In the final part of the Model for the 21st Century Newsroom I look at how new media has compounded problems in news organisations’ core business models – and the new business models which it could begin to explore.
Let’s start by looking at the traditional newspaper business model. This has rested on selling, in a broad simplification, three things:
Advertising. Put more explicitly: selling readers to advertisers.
Selling content to readers, and, twinned with that:
Selling the delivery platform to readers – i.e. the paper
Developments in the past few decades have eaten into each of those areas as follows: Continue reading →