6,591 karma · joined October 18, 2012
https://www.jaredwiener.com
https://bsky.app/profile/jaredwiener.com
FYI there's a typo in the link in the README -- points to casci.app instead of cascii.app.
I'm asking how do you quantify the underlying value. As a consumer of news, how am I richer now than I was before reading? And is it possible to put a number on it?
CBS urges FCC to reject complaint over '60 Minutes' Harris interview https://www.forth.news/threads/CM14g5qJY2k92yLkDHSHT
Financial news outlets have long been successful at this -- Bloomberg, CNBC, Wall Street Journal, etc. They are able to build strong businesses with a relatively small audience often because that audience is willing to pay large sums of money for access. (Bloomberg Terminals reportedly cost up to $25k/yr! https://www.bluegamma.io/post/bloomberg-terminal-pricing#:~:...
Still -- how much value do you get from the Washington Post? How much value do you get from knowing about the inner workings of your government? Federal, state, municipal, any of them? Does being a better citizen have a financial incentive? Can you put a price on knowing about the situation in Ukraine, or Gaza, or even the dangerous intersection downtown?
And without that, how do you justify payment for journalism, which itself is expensive? Or is the answer that the payment comes from people who want to push a narrative, or control the conversation? Is there a monetary value to preventing that?
Also, just FYI -- airports don't hire their own ATC; it's all FAA (or the equivalent wherever you are located.)
The Capitol Police Board oversees and supports the United States Capitol Police in its mission and helps to advance coordination between the Department and the Sergeant at Arms of the House of Representatives and the Sergeant at Arms and Doorkeeper of the Senate, in their law enforcement capacities, and the Congress. Consistent with this purpose, the Capitol Police Board establishes general goals and objectives covering its major functions and operations to improve the efficiency and effectiveness of its operations.
The Capitol Police Board consists of the Sergeant at Arms of the U.S. House of Representatives, the Sergeant at Arms and Doorkeeper of the U.S. Senate, and the Architect of the Capitol. The Chief of the United States Capitol Police serves in an ex-officio non-voting capacity. The Chairmanship alternates annually between the House and Senate Sergeants at Arms.
(Disclaimer - building a news platform featuring human journalists' reporting - https://www.forth.news)
Some explanation: https://blog.forth.news/a-business-model-for-21st-century-ne...
AI can only do the second half. They need information to write about.
If the money goes away to support the whole enterprise, who actually makes the phone calls?
User research, UX improvements, feature ideation and creation, etc, are all the same as they have always been. Getting the code out faster doesn't help if its in service of a bad feature.
They've since pivoted because they couldn't make it work.
https://www.niemanlab.org/2022/11/post-the-latest-twitter-al...
Beyond that, others (Blendle, post.news, etc) have tried micropayments and they don't work -- people don't actually want them.
That said, this point --
> Most importantly, the cost has to be no more than the site would get for serving that visitor ads.
is the disconnect. The ads aren't providing enough revenue to be self-sufficient. Hence the paywalls.
By your own math, a subscription is 65% cheaper than it once was -- but the reporting is still expensive. Try outfitting a team to go into a war zone, or maintain bureaus, etc.
The problem is that the "good enough" free articles are usually just rewrites of the ones from the people who did the reporting.
NYT adds 210,000 digital subscribers in Q1.
"The company said it had about 10.5 million subscribers overall for its print and digital products at the end of the first quarter, up roughly 8 percent from a year earlier. About 640,000 of those were print subscribers, down about 10 percent from the same period last year. "
https://www.nytimes.com/2024/05/08/business/media/new-york-t...
The economics of journalism are constantly misunderstood here. People want thoughtful, insightful, investigative stories of the non-obvious (or so they say) but also do not want to pay for the dead ends that a reporter has to find to get there.
Journalism is more like hard-tech research than SaaS. You don't necessarily know what you're getting into when you start reporting, and getting something of value can take an incredibly long time. The actual writing of an article or shooting of a video is the last part of a long process.
Unlike hard-tech, the result often has a very short shelf-life. It's not going to continuously earn payouts for the reporters/news outlet for more than a couple of weeks (at best) after publication.
Micropayments do not work. They've been tried over and over, but generally speaking, they aren't helpful. Users don't really use them, and they don't actually help the publisher/author long term.
FWIW I've been working on a startup with a different vision, but trying to make news profitable: https://blog.forth.news/a-business-model-for-21st-century-ne...