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Is Traditional Media Wrapping Up?
By caroline on Jun 28 2008, last modified on Apr 26 2010.

When the World of Media is Changing...

kinda makes you wanna think, doesn't it? 

New-Media Focus Splits  Digital Slice
Associated Press Members

By Russell Adams June 26, 2008;

'As the economic pressure on newspapers intensifies, the Associated Press, a 162-year-old news gathering cooperative for the industry, is beginning to fracture.

Long a newspaper-centric organization, the AP has shifted its focus in recent years. With readers and advertisers migrating away from news on printed paper and toward cable TV and the Web, the AP is devoting more of its resources to producing content for other news outlets. These include the very Web portals that pose the greatest competition for newspapers, such as Yahoo and Google, which are now among the AP's biggest customers.

For some editors, the AP's strategy, coupled with its high prices, amounts to a betrayal at a time when the industry is under threat. In recent months such frustrations have sparked a bitter war of words. The editor of the Pittsburgh Post-Gazette, for example, likened AP President and Chief Executive Tom Curley to the secretary-general of the Politburo at a convention in April...' - Wall Street Journal

Did you Know?

If you want to keep an audience - you had better give them a say!

Sites where people stay longest are the ones that allow them to interact, consume or connect to powerful streams of information that’s relevant to them.

  Time on The Internet

  Only 20 domains capture a whopping 39% of all our time spent online!
 

  • 11.9% of Internet time is spent on the Social Networking tool, MySpace - blog.compete.com
     
  • 57% of American teenagers create content for the internet—from text to pictures, music and video - Pew Internet & American Life Project April, 2006
  • 87% of print journalists are connected to the Internet - http://www.why-not.com/company/stats.htm 
  • 42% of 18-29 year olds get their election news from the internet (PEW Research 2008)
  • 57% of senior executives in the media entertainment industries identify user-generated content as one of the top three challenges they face today. (Accenture, 4/2007).
  • US spending on podcast-related advertising will rise to $435 million in 2012 (eMarketer, 2/2008)
  • Professional and “user-generated video” views are expected to grow by 43.4% in 2008 (Accustream, 3/2008)
  • The podcast audience has grown nearly 40% in the last year, reaching 18% of Americans. (Arbitron-Edison Media Research, 4/2008)

“The big broadcast networks are failing to effectively reach 18- to-34-year-old men online” Michael Pond - a media analyst at Nielsen Online (video stream sites were nearly two times more likely to be viewed by women ages 18-34 than men).

“With shorter clips and a viral nature, websites are much more about discovery, and consumers are likely to view content on more than one,"  - Pond said.

In the US, Internet advertising revenues for the full year of 2007 increased 26% over 2006 (from $16.9 billion to $21.2 billion) - PriceWaterhouseCoopers, March 2008

Ad Revenue

"...the industry is providing marketers with new and unique ways to reach consumers – it’s a very exciting time.” - Randall Rothenberg, President and CEO, IAB

Viral video launches BMW 3:29

A video about a fictional plan to launch a BMW in the U.S. is guerilla marketing at its best. Alina Cho reports. fishnchips ii


 

  As the World of Media is Changing - are you?


Comments

'The newspaper industry is in a bad spot. Actually, run a correction on that statement — newspapers are in a "time to panic" spot. The business model is collapsing, ad dollars are disappearing, newsprint prices are at a 12-year high and the Internet is just giving news away for free. On July 2, the Los Angeles Times announced it was cutting more than one-sixth of its newsroom staff; the Tampa Tribune said it would cut 20%.'

Time to Panic [time.com]

Cutting newsroom staff is such a brilliant idea. Let's turn the news into another source of entertainment, that will work great [nwsource.com] and bring in lots of money.

The Onion Movie [imdb.com] has a bit of commentary on such things (and it is nice to see that Steven Seagal doesn't take himself too seriously).

Totally dug the Onion Movie and agreed Mu, happy that Steve is able to chill and hang loose! Traditional Media has, in a nutshell, become boring and perhaps will become obsolete in the near future...Where is the interaction?  The multi-media?  Perhaps the die-hard baby-boomers will cling to the hard-copy New York Times and Wall Street Journal, but Moi, no Babyshoes - I'm staying digital...that's where it's at!

Murdoch is planning on putting all his "news" behind pay-walls [bbc.co.uk] , that will just hasten the decline. He's also been hassling Amazon for more details on the people that are subscribing to the WSJ on Kindles [dailyfinance.com] . And, the Associated Press is freaking [boingboing.net] out because people are quoting them and linking to their articles.

Hopefully Amazon will do the right thing and tell Murdoch off. OTOH, the privacy implications could be dealt with quite simply: make all information (not just medical records, financial records, or video rental records) about a person their property and then carve out reasonable exceptions. If a company wants to share data about me then the company would have to arrange a licensing deal (along with suitable royalties) just like for any other copyrighted material.

We used to have certain rights because it was effectively impossible to violate them but technology changes the balance. We need to reverse the assumptions anywhere there is a power imbalance and provide the more powerful party with a list of things that they are allowed to do rather than a list of things that are prohibited; individual people should still have a list of prohibited actions of course.

Totally dug the Onion Movie and agreed Mu, happy that Steve is able to chill and hang loose! Traditional Media has, in a nutshell, become boring and perhaps will become obsolete in the near future...Where is the interaction?  The multi-media?  Perhaps the die-hard baby-boomers will cling to the hard-copy New York Times and Wall Street Journal, but Moi, no Babyshoes - I'm staying digital...that's where it's at!


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