Is Traditional Media Wrapping Up?

History

By Caroline Smalley on Jun 28 2008, last modified on Feb 04 2012.

When the World of Media is Changing...

kinda makes you wanna think, doesn't it? 

New-Media Focus Splits 
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,…


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'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

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

The Onion Movie 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, 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. And, the Associated Press is freaking 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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