Or so The Economist argues. Can newswires like AP, Reuters, AFP and Bloomberg survive the decline of the print industry?
High wires
Feb 12th 2009
From The Economist print edition
With newspapers in crisis, newswires may learn to live without them
WHERE does news come from? The answer, much of the time, is from newswires. Many of the stories in newspapers, on television, radio and online are based on dispatches filed by the big news agencies. The biggest international newswires, Associated Press (AP) and Reuters, date back to the expansion of the telegraph in the mid-19th century, when rapid newsgathering first became possible. The agencies have usually been wholesalers of news; newspapers, broadcasters and websites act as retailers, repackaging and selling news to consumers alongside material generated in-house. MORE
Showing posts with label The Economist. Show all posts
Showing posts with label The Economist. Show all posts
Saturday, February 14, 2009
Monday, February 2, 2009
Bye bye print
Two articles today about the decline of newspapers:
Fall in advertising prompts obituaries
Miriam Steffens, SMH
Just over two years ago The Economist predicted the rise of the digital age would see the last newspaper rolling off the presses some time in early 2043. But as the world slides into recession, the growing number of newspaper casualties has raised fears of a demise much sooner. MORE
Online revenue no match for print costs
Lara Sinclair, The Australian
Newspapers are facing a future where smaller newsrooms will need to turn out smarter reporting in a variety of media, while the printed product is sold at a higher price to fewer advertisers and a smaller paid circulation. But advertising staff, as well as journalists, will need to change the way they work if newspapers are to prosper in the web 3.0 world, according to Caroline Little, chief executive of Guardian News & Media in North America. MORE
Fall in advertising prompts obituaries
Miriam Steffens, SMH
Just over two years ago The Economist predicted the rise of the digital age would see the last newspaper rolling off the presses some time in early 2043. But as the world slides into recession, the growing number of newspaper casualties has raised fears of a demise much sooner. MORE
Online revenue no match for print costs
Lara Sinclair, The Australian
Newspapers are facing a future where smaller newsrooms will need to turn out smarter reporting in a variety of media, while the printed product is sold at a higher price to fewer advertisers and a smaller paid circulation. But advertising staff, as well as journalists, will need to change the way they work if newspapers are to prosper in the web 3.0 world, according to Caroline Little, chief executive of Guardian News & Media in North America. MORE
Saturday, September 6, 2008
'A problem for the democratic functioning of society'
More editorials and opinion pieces about the changing nature of journalism. The two here focus on the structural problems being faced by the industry as a whole. Can they be overcome? Has the industry past a turning point where there's no turning back?
The winter of journalism's content
THE AUSTRALIAN
David McKnight and Penny O'Donnell | September 03, 2008
NEWSPAPERS in Australia and the world face difficult choices in the next decade. The dilemma can be expressed in a simple question: who will pay for quality journalism in the future? Until now the answer has been obvious. Advertising has subsidised journalism since the mass market press emerged at the end of the 19th century.
But the much-despised advertising is on the move. It's heading for the internet and with it is going one of the main props for journalists' salaries. In the language of economists, the business model for journalism is collapsing. But this is more than a problem for journalists or media owners; it is a problem for the democratic functioning of society.
Techno-optimists will tell you that the dinosaur newspaper industry simply will be replaced. The public will be informed by news on the internet, television and radio.
There are at least three problems with this bright forecast. First, newspapers are by far the main source of news as well as agenda setters compared with radio, TV and online, according to research for the Australian Broadcasting Authority in 2001 (now the Australian Communications and Media Authority). MORE
Loss of deepest diggers
Mark Day Blog | September 04, 2008 | 15 Comments
THE ructions at Fairfax Media have succeeded in putting the future of newspapers and journalism front and centre of debate about future trends in media. Commentary has focused mainly on Fairfax’s policies, its financial modelling and the perception that publishing is a business on a slippery slope.
Precious little has been said about how the industry’s structural problems may be overcome. Will it be by slashing and burning, reducing costs by sacking people in a spiralling game with no end? Or will it be by investing in new ways of doing things in the hope or expectation that they will deliver the profits required to grow?
Fairfax, driven by the cost-cutting experts it inherited from last year’s merger with Rural Press, has opted for the slash and burn model. Of the 550 people earmarked for the sack, about 180 will be journalists, with an expected 120 to go from the company’s flagship titles The Sydney Morning Herald and The Age.
Fairfax is not alone in going down this route. The big US papers, led by The New York Times, have been leading the way in recent years. MORE
The winter of journalism's content
THE AUSTRALIAN
David McKnight and Penny O'Donnell | September 03, 2008
NEWSPAPERS in Australia and the world face difficult choices in the next decade. The dilemma can be expressed in a simple question: who will pay for quality journalism in the future? Until now the answer has been obvious. Advertising has subsidised journalism since the mass market press emerged at the end of the 19th century.
But the much-despised advertising is on the move. It's heading for the internet and with it is going one of the main props for journalists' salaries. In the language of economists, the business model for journalism is collapsing. But this is more than a problem for journalists or media owners; it is a problem for the democratic functioning of society.
Techno-optimists will tell you that the dinosaur newspaper industry simply will be replaced. The public will be informed by news on the internet, television and radio.
There are at least three problems with this bright forecast. First, newspapers are by far the main source of news as well as agenda setters compared with radio, TV and online, according to research for the Australian Broadcasting Authority in 2001 (now the Australian Communications and Media Authority). MORE
Loss of deepest diggers
Mark Day Blog | September 04, 2008 | 15 Comments
THE ructions at Fairfax Media have succeeded in putting the future of newspapers and journalism front and centre of debate about future trends in media. Commentary has focused mainly on Fairfax’s policies, its financial modelling and the perception that publishing is a business on a slippery slope.
Precious little has been said about how the industry’s structural problems may be overcome. Will it be by slashing and burning, reducing costs by sacking people in a spiralling game with no end? Or will it be by investing in new ways of doing things in the hope or expectation that they will deliver the profits required to grow?
Fairfax, driven by the cost-cutting experts it inherited from last year’s merger with Rural Press, has opted for the slash and burn model. Of the 550 people earmarked for the sack, about 180 will be journalists, with an expected 120 to go from the company’s flagship titles The Sydney Morning Herald and The Age.
Fairfax is not alone in going down this route. The big US papers, led by The New York Times, have been leading the way in recent years. MORE
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