Jeff Jarvis Asks Audience To Correct His New Business Models for News

Do you, guys, notice how many bright minds work on this problem, right now?

And what if there is no single solution? Internet made information a commodity and there is no shortage of informations, so the basic law of economy learns us that if there is greater supply than demand, then the price goes down.

Obviously, not all informations are created equal and some, like niche financial comments (eg, Financial Times on China) are unique, thus worth paying for. Otherwise, what is the point of paying for informations about Michael Jackson's death?

Might be we are all beating the dead horse; few generations grew up surrounded by the newspapers and convinced that they provide real insights about the world but it turns out that the actual delivered value is less significant than we thought.

There is a lot of valuable content created by people who don't get paid. Actually, I hardly recall when I read a groundbreaking insights from the newspaper; blogs seem to serve the community pretty well.

It seems to me to be very similar to programming, actually. A lot of awesome code gets written by voluntarees, without any financial backing; the open source serves, though, as an awesome gateway for providing support or convincing the world that you are a worth hiring programmer.

To put it more broadly, because the information alone has no inherent value, to make it financially viable, it has to generate sales directly or indirectly, by building brand for example. And because people have a lot of good will and are creative, there will be also a lot of non-profit content always.

Just few random chaotic notes before going to sleep.