A ‘Darker Narrative’ of Print's Future From Clay Shirky
mobile.nytimes.com
mobile.nytimes.com
Transactional revenue
"... Yes, "think of subscribership as membership." But that doesn't mean "in short, get some percentage of the loyal readers of The Times to pay more — some of them a lot more." It means, leveraging the strength of the very real community of loyal readers that the Times has, by building more and more revenue streams from delivering more and more value to members of that community." Public debate
"... A good place to begin would be with the comments areas, with the goal to transform them from the current depositories of opinion into well moderated forums for dialogue which instead of producing points of view stimulate learning and advancement. Public intellectuals rather than know-it-alls would be the result. That would be different!" Weekly cultural ritual
"... The Sunday edition of The NYT is different. I peruse this all week while giving my electronic devices a break. I'm older and still enjoy the serendipity of discovery. Yet I rarely look at the A-section. It's old news and I've already digested all - more than likely I have digested it prior to your pages being sent to the printing plant.""Truth be told, I'd be sad about the disappearance of all but the Sunday edition from print, but more to the point: It's infuriating, and confounding, that the Times insists on undermining its Sunday edition, a cultural institution so important and dear to its readers' hearts."
"... every Sunday morning I would buy the $$$Sunday London Times PAPER, spending all the long day reading it because every article in that preposterously-thick paper was delicious-even the sports section."
Noting that newspapers aren't necessary (but journalism is) is great, but the problem is that a lot of (most?) journalism is still done in newspapers... and the way the media is currently breaking up, where companies like the Tribune Company and Gannett are splitting their television holdings from their newspapers means that journalism and newspapers may not be inherently tied together... but when it comes down to it, they are still for all practical intents and purposes tightly coupled.
Web based news orgs like Vox, Fusion, Gawker and Buzzfeed are making some moves towards funding journalism (Buzzfeed in particular has great investigative reporters), but they are way too few in number to replace newspapers as a home for investigative journalism even as the industry stands today in its depleted state.
If you want a random waypoint Propublica's staff costs for 2011 were around 5mil$ for a small but very investigative focused news org: https://projects.propublica.org/nonprofits/organizations/142... (granted they're also not a typical news org).
So maybe 5% of the combined expenditure for the newspaper industry is probably a generous estimate. It could be <1% I guess.
Most of what journalism does is reporting, commentary, discussion and analysis. Primary, investigative journalism is a relatively small thing.
`Netflix premiers Vice News Nightly`
This one worries me. I don't have better proposals to save the industry, but we keep redefining coverage to be less direct and less expensive and we all end up paying for this by being further removed from news as it happens.
As a digital-only subscriber, I find NYT's current subscription model bizarre. For the base ($20/mo) tier, I get access to web and iPad but not iPhone (which costs an additional $10). This structure means I use and value the service less, making me more likely to cancel. Feels like a business model that privileges their needs over their customer's experience. And as a result, I opine that it is not likely to meet their expectations. I'd rather see an attempt to broaden the subscription base by aggressively lowering the cost ($7.99) and aggressively expanding the entitlement (sub includes crossword, for example).
Healthcare.gov and the Gulf Between Planning and Reality
It's hard to see what newspapers could do to get the same returns per unit sold or page viewed as they have historically. And that means a couple possible things: readers bear more of the cost, advertisements get more intrusive (or crazier), or newspapers find some other way to make money.
Then there's the problem of ads influencing me directly, causing me to spend more money on other things, than I otherwise would.
I guess advertising in general, can cause reporters to have an attitude of "if you have a problem, buy a product to solve said problem" rather than "if you have a problem, here's some knowledge to solve said problem".
So overall, I would probably save a significant amount of money by paying more for advertising-free media. But most people don't seem to understand this.
That seems to me to be the important part. The words and knowledge of the NYT is the important bit - whether I read them on paper or screen seems less important.
And if they cannot afford to produce good words for a subscription only clientele, perhaps they need to find ways to monetise "influence". Pay us and we will keep influencing politicans on your behalf - essentially expand lobbying out past the proprietors.
The problem is that you can't just move ad revenue from print to digital.
[1] A few years ago and Business Insider but FWIW http://www.businessinsider.com/2009/1/printing-the-nyt-costs...
To capture more of the value, the newspaper industry should also create a PR platform (comparable to AdWords) that allows firms to directly and efficiently pitch their products and their social/business impact to the editors. (Cutting out the middleman) It of course should remain at the editor's discretion whether and in what form to print the stories.
Increase in transparency (that the story originated from a PR pitch) and monetization opportunity (to pay for investigative reporting) should benefit both the reader and the newspapers.
Of course, especially in some areas, PR narratives do drive the choice of story (as suggested in your link) a lot of the time. But it's still a slippery slope to rent out column inches for content that purports to be a form of editorial.
Since newspapers already publish these articles anyway (without labeling the PR source), the slippery slope is already in action. Although I do agree that money could make things worse for some papers, market mechanisms and transparency could help balance things out.
http://www.niemanlab.org/2015/03/how-tyler-brule-has-extende...
Print-on-demand news
"..Monocle newsstand near London’s Paddington Station. The kiosk will offer a curated selection of magazines and newspapers as well as global newspapers printed on-demand. Customers will be able to register online, request a printing of newspapers ranging from Norway’s Aftenbladet to The Australian, and then come to the newsstand to pick it up ... “It’s important for us to, I think, remind the market that — is it really a crisis of print, or is it a crisis of print distribution?" Trend chasing
"..We don’t have an issue of some digital guru or a friend or an investor or a board member who says, Why aren’t you slapping that little bird on the bottom of every webpage and every printed page? ... we don’t have that influence surrounding our brand, that we have to follow the dictates of a big parent corporation, and that’s been the great thing from the very start." The companies they keep
"..the power of adjacency, of being in with a core print product group beside an ad for Cadillac, beside an ad for Cathay Pacific ... Here [his BlackBerry again] I can go and buy space in like-minded editorial, but I’m never going to be surrounded. I’m never going to have that pure adjacency right next to another brand in the same way that I would in print ... Brands want to have good adjacencies the same way that companies will wait forever to get space between 57th and Madison and 5th — because they want to be in the right company. I think that’s still very hard here."It works out great for industry-based media. I don't see why it wouldn't work for mass media organizations.