Newspapers are out, online is not (yet) in. OECD ponders

The Organisation of Economic Cooperation and Development (OECD) has conducted a study on the business of newspapers and the future of news in an evident response to declining advertising revenues in the backdrop of a relative unwillingness of readers to pay for online content.
I found it interesting that governments are thinking about helping newspapers--because they help democracy. So, after rejecting government support for ad cash, will newspapers and news gathering machines accept government patronage again? Interesting question.
I do think the world of news is going to be more varietous, as the report itself is suggesting. In fact, it already is. But revenues and money? Ah, we are still wondering where this is all going.

Awesome--you have to read this!

I don't usually gush, but this piece from Harvard Business Review's blog is a must-read for anyone interested in the Internet from the point of view of business, marketing, social media or strategy. Also offers brilliant insights for media people. I am not going to elaborate. Great food for thought.

Content goes the service way

Content is King, yes.

Murdoch says it is the emperor. Yes.

But there is an interesting insight. Just as a still is not a moving picture, content is not about static stuff on the Net. Increasingly, it is a service.
Here is a fine piece on that.

Is social media a threat to journalism?

Here is a piece from Chris Cramer, a BBC and CNN veteran and current Reuters Global Editor, Multimedia, on what social media and "citizen journalism" means to the media. The bottomline: credibility and integrity matter, and profits follow.
I agree with a lot of what he says, having worked at Reuters-- with its commitment for some basic principles. But there is a chaotic universe out there and we need more innovations -in products, services and business models.

Why Murdoch is right on charging for online news

The Web is abuzz after media baron Rupert Murdoch of New Corp said that his group's newspapers planned to charge for online news/content.
I have no problem with that. Though obituaries and criticism of such a move are afloat on the selfsame Net.
As an experienced journalist, I make a few simple observations.
It costs money to make people do reportage
Credibility comes from known sources that employ processes
Bloggers and others who simply extract published news from the Web and repeate it have no viable business model and breaking news cannot be ad-hoc.
If it is offered free, it has to be accounted in financial terms somewhere--at least by cross-subsidisation.
For more than a decade now, newspaper publishers have been shooting themselves in the foot in order to understand the new medium better.
They have tried to behave like news agencies, reporting 24/7
They have offered content free, only to find their own revenues and circulation falling.
They have invested in technology and branding, but online ads have not got the traction to take it beyond a point.
Above all, they have to suffer sites like Google News that looks like a newspaper and rides on free content from the papers and other online news sites.
Something's gotta give.
If Murdoch charges, will other newspapers see it as an opportunity or a threat? I don't know, but  I do know that sooner or later, viable models for both credibility and profitability in online news has to come in.

Murdoch thinks newspapers will go digital --and won't be free on the Web

Rupert Murdoch should know -- it costs money to produce news and content. Why should newspapers give it for free--especially when the Web is what is putting them into trouble?
Here is the baron telling us how things should move--or the way he sees them moving.

End of Television --A lovely, inspired piece of writing

Please catch this lovely piece in New York's maverick blogazine, Gawker, on how online videos and help creative television writers circumvent the suffocating studio system.
Internet is revolutionising media, and I have written many times in the past about how TV is changing and will end as we have known it. But this piece makes it read like a fairy tale.

The Future Of Newspapers: Are micropayments the way out?

First came print advertising because people read newspapers.
Then came TV advertising, that took away some of those ads
Then came the era of advertising-supported content, as readers became more of "consumers" being targeted by advertisers who signed large cheques.
Then came the part about newspapers adjusting to the demands of advertisers, and addressing readers as "target segments"
That phase is still on now, but the Web is changing --or has changed things--all over again.
Classified ads have migrated to the Web.
Newspaper Websites are not really getting that much ads.
Digital ads are growing,but are they the way out?
How do we price content? Journalism is a costly business, involves travel and credibility -- and unbiased coverage that is under constant pressure from politicians or advertisers in some form or the other.
In the age of the Internet, the business has become more complicated. New York Times has its property on mortgage, and Chicago Tribune filed for bankruptcy.
So what is the future of the newspaper?
This article in Time magazine discusses it, and apparently bets on micropayments. Oh well, let us see how it all goes.

Death of the 30-second (prime-time) commercial?

Now I am right, now I am not.

I was only a month ago wondering if I had spent three years predicting the end of prime-time (as we know it) to eat my words.

Then I thought that live TV will stay with a prime-time kind of feel (I still do).

Now I think could still be right either way. Anything that is recordable need not necessarily be watched live, and hence, the bulk of entertainment programmes will fall into this category.
For instance, now, viewers switch between channels when there is an ad on --while advertisers have to struggle to keep them viewing. With digital video recorders and time-shifted TV programmes, people will concentrate more on the content, with flexibility of viewing more than ever before.
Read this story on the death of the 30-second commercial for more on what things are headed for.

Career challenges for journos in the Age of Convergence

Three years ago, I had made a presentation to media students in Bangalore about prospects and challenges in the age of the Internet in a booming economy. I find a lot of it relevant -- in fact more relevant than in 2005, when I made it.



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The Logic of the Four Screens

The "Silver Screen," television, PC and now mobile handsets --media convergence is increasingly about converging these four and optimising their mix. I am not even talking about print here. My friend Ajay Jain makes an interesting analysis of the four-screen play in his site here