I've decided to add some occasional posts here, in addition to Bits.
I saw Frank Shaw comment on an blog post, talking about the Darwinian pressures on the news business. Yes things are changing, but I find much of the talk about MSM to be overstated and not so precise. I left this comment on Frank's blog:
Frank you still overstate the change.Big picture: There is a modest evolution in the content model for news media (More competition and distribution options, more interactivity and user involvement, faster time frame). For newspapers certainly, the advent of the Web is far easier than the advent of television. All this other stuff is hooey.Most media have the same business model: attract an audience and sell it to advertisers. Subscription revenue is harder to come by.The only real revolution, I'm sorry to say, is with newspapers, which made so much money from advertising (classified, etc) that was related to their distribution, not their content.All that really means is that newspapers will have to get smaller until their news budget matches the ad revenue from the content they produce.Cheers