tag:blogger.com,1999:blog-78883142577938941702024-03-12T05:48:00.569-07:00News EntrepreneursBusiness models for new digital mediaUnknownnoreply@blogger.comBlogger281125tag:blogger.com,1999:blog-7888314257793894170.post-35408646589862364712020-02-13T06:53:00.001-08:002020-02-13T07:22:47.038-08:00The Davos of journalism takes place in Perugia, ItalyHundreds of global experts in the media industry gather each year in
Perugia, Italy, to talk about the past and future. Some of the items on
the schedule look particularly interesting, so I have started putting
together my personal agenda.<br>
<br>
<b>Thursday April 2
</b><br>
<br>
<b>Local journalism</b><br>
<a href="https://www.journalismfestival.com/programme/2020/reinventing-local-news-how-digital-transformation-works-for-small-and-medium-sized-newsrooms">Reinventing local news: how digital transformation works for small and medium-sized newsrooms</a><br>
09:30 - 10:30 thursday 2/04/2020 - Sala della Vaccara, Palazzo dei Priori. On the panel are <a href="https://www.journalismfestival.com/speaker/alexandra-borchardt">Alexandra Borchardt</a><a href="https://www.journalismfestival.com/speaker/catarina-carvalho">, Catarina Carvalho</a><a href="https://www.journalismfestival.com/speaker/matteo-rainisio">, Matteo Rainisio</a><a href="https://www.journalismfestival.com/speaker/hannah-suppa">, Hannah Suppa.</a><br>
<br>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPT1bIfIycOlCqAMTKMPtGKZUxNj7YIiS5Et4iSSvxgYgrKMY7PoayggbhXQhhVDeMUBLSnagg44rgNBymylo9NPaiaCpMTgMYBDUJc53H3wGQ5Z3jIWXMiIcLy_Pe3waamAJ5uhyphenhyphenKipvE/s1600/Screen+Shot+2020-02-13+at+3.46.15+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="336" data-original-width="950" height="113" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPT1bIfIycOlCqAMTKMPtGKZUxNj7YIiS5Et4iSSvxgYgrKMY7PoayggbhXQhhVDeMUBLSnagg44rgNBymylo9NPaiaCpMTgMYBDUJc53H3wGQ5Z3jIWXMiIcLy_Pe3waamAJ5uhyphenhyphenKipvE/s320/Screen+Shot+2020-02-13+at+3.46.15+PM.png" width="320"></a><br>
<b>Collaborative journalism</b> <br>
<a href="https://www.journalismfestival.com/programme/2020/enemies-to-friends-how-news-companies-can-partner-for-survival">Enemies to friends: how news companies can partner for survival</a><br>
10:45 - 11:45 thursday 2/04/2020 - Sala del Dottorato. On the panel are <a href="https://www.journalismfestival.com/speaker/jane-barrett">Jane Barrett</a> of Reuters and <a href="https://www.journalismfestival.com/speaker/guido-baumhauer">Guido Baumhauer</a> of Deutsche Welle.<br>
<br>
<b>Travel</b><br>
<a href="https://www.journalismfestival.com/programme/2020/digital-travel-journalism-marrying-creativity-and-technology">Digital travel journalism: marrying creativity and technology</a><br>
12:00 - 13:00 thursday 2/04/2020 - Palazzo Sorbello. On the panel are <a href="https://www.journalismfestival.com/speaker/anne-banas">Ana Banas</a> of the BBC, <a href="https://www.journalismfestival.com/speaker/nicoletta-crisponi">Nicoletta Crisponi</a>, <a href="https://www.journalismfestival.com/speaker/brekke-fletcher">Brekke Fletcher</a> of CNN, and <a href="https://www.journalismfestival.com/speaker/dmitry-shishkin">Dmitry Shishkin</a> of Culture Trip.<br>
<br>
<a href="http://newsentrepreneurs.blogspot.com/2020/02/looking-forward-to-international.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-85349701137620740602020-01-20T00:07:00.005-08:002020-01-20T02:40:19.632-08:00Collaboration emerges as an effective business model Benjamin Franklin is supposed to have said just before signing the Declaration of Independence, "We must, indeed, all hang together or, most assuredly, we shall all hang separately."<br>
<br>
News publishers have taken this idea to heart with a trend toward <b>collaborating</b> as a means of survival when so many economic forces are working against them. Collaboration, rather than competition, allows small, vulnerable news organizations to spread the risk and cost of journalism that challenges the powers that be and serves the public interest. <br>
<br>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6POn5z_EtY36YGEnzRnyHZiHIZEqhiDXAIAcv_e2fWlCHafyZZOqb7JWYS1NmispKv9gKrjH4p46qEog3hM8udU4T8Smx4AuZsyRgLhvZX7eOx2vJVk6HIul7x7VIfcgwsFz55Ozh9WI3/s1600/Screen+Shot+2020-01-20+at+8.54.00+AM.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="544" data-original-width="884" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6POn5z_EtY36YGEnzRnyHZiHIZEqhiDXAIAcv_e2fWlCHafyZZOqb7JWYS1NmispKv9gKrjH4p46qEog3hM8udU4T8Smx4AuZsyRgLhvZX7eOx2vJVk6HIul7x7VIfcgwsFz55Ozh9WI3/s320/Screen+Shot+2020-01-20+at+8.54.00+AM.png" width="320"></a>When they collaborate, small newsrooms get access to at least three scarce resources: <b>time</b>, in the form of help from other organizations; <b>expertise</b>, in the form of people who know how to do things they don't; and <b>money</b>, because the combined organizations can sometimes attract grants that none of them could by themselves. <br>
<br>
One example: Nieman Lab reported on the <b>Institute for Nonprofit News</b>'s <a href="https://www.niemanlab.org/2019/10/12-local-newsrooms-seven-states-one-big-problem-how-an-inn-collaboration-is-nationalizing-the-rural-healthcare-crisis/" target="_blank">collaborative investigation</a> on the lack of hospitals and health care services in rural America. Twelve news organizations in seven states participated.<br>
<br>
Hospitals in rural areas of the U.S. have been closing as population declines, much as local news media have been disappearing. The <a href="https://inn.org/" target="_blank">Institute for Nonprofit News</a>, founded 10 years ago, has 230 members and promotes sharing of resources and expertise that support investigative journalism in the public interest. The funding comes from a variety of national and local foundations and nonprofits. <br>
<a href="http://newsentrepreneurs.blogspot.com/2020/01/collaboration-emerges-as-effective.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-20550125974787678862020-01-07T01:19:00.000-08:002020-01-09T07:53:41.139-08:00The winning business strategy builds on relationships<i>This blog entry was written for IJNet.org, <a href="https://ijnet.org/en/story/icfj-knight-fellows-offer-key-tips-journalists-2020" target="_blank">Tips for Journalists in 2020 </a> from other Knight International Journalism fellows.</i><br />
<br />
The <b>losing strategy</b> that seeks mass audiences and mass advertising as measured by unique users and page views has led many media to chase clicks with ever-more sensationalistic content about celebrities, sports figures, imprudent politicians and sex scandals.<br />
<br />
Those sites will continue to lose revenue and audience to the search and social platforms, as well as credibility and trustworthiness.<br />
<br />
If you build a relationship with your audience, they are more likely <b>to become loyal</b>, <b>to trust your work</b>, <b>to recommend your work</b>, and to be <b>willing to pay to support your mission.</b> The total audience will be smaller, and the percentage willing to pay for your content might be in the single digits, but this public-service, user-focused strategy builds trust and credibility for the long term. Examples are <a href="http://mediapart.fr/" target="_blank">Mediapart</a> in France, <a href="http://eldiario.es/">eldiario.es</a> in Spain, <a href="http://animalpolitico.com/" target="_blank">Animal Politico</a> in Mexico and The <a href="http://texastribune.org/" target="_blank">Texas Tribune</a> in the U.S.<br />
<br />
<a href="https://ijnet.org/es/story/recomendaciones-para-2020-de-los-becarios-icfj-knight" target="_blank"><i>Versión en español</i></a><br />
<br />
<br />
<b>Here’s a tip: build your email subscriber list</b>. This way you own a relationship with your users, and you can avoid using the search and social platforms as an intermediary. Tailor newsletters for these email subscribers according to their interests and tastes. Other examples of relationship tactics include crowdsourced stories, face-to-face and online events, reader polls, crowdfunding and WhatsApp and Telegram group chats. Read more, in Spanish, about how two websites are <a href="https://www.sembramedia.org/casos-de-estudio/newsletter-y-monetizacion/" target="_blank">monetizing their email newsletters</a>. <br />
<br />
<b>Related:</b><br />
<br />
<a href="http://newsentrepreneurs.blogspot.com/2019/11/a-guru-tells-publishers-how-to-make.html" target="_blank">Why most publisher paywalls are destined to fail</a><br />
<a href="https://newsentrepreneurs.blogspot.com/2018/05/publishers-pivot-toward-users-and.html" target="_blank">Publishers pivot toward users and credibility</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-83058310512851033802019-11-29T00:47:00.004-08:002019-12-06T21:59:22.505-08:00Why most publisher paywalls are destined to fail <h3>
Picard: News organizations need to focus on creating value for users </h3>
<h3>
</h3>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQKdhcOqPd7dxG2KRNB-p1515VUV7lshSRNCEHvzH_Ogb-eObPkkSS59OhbMYfq2Azrz9sOsXxZnzXFsWzC_nYXZB3rwI_QgiMImbyq2mojqIYZS1IPDzYcw28yv4PXOQGDNj7gPWzTcYa/s1600/Robert+Picard+at+Unav.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="909" data-original-width="1600" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQKdhcOqPd7dxG2KRNB-p1515VUV7lshSRNCEHvzH_Ogb-eObPkkSS59OhbMYfq2Azrz9sOsXxZnzXFsWzC_nYXZB3rwI_QgiMImbyq2mojqIYZS1IPDzYcw28yv4PXOQGDNj7gPWzTcYa/s320/Robert+Picard+at+Unav.jpg" width="320"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Picard: Your content has to be exclusive and specialized. </td></tr>
</tbody></table>
Now that Google, Facebook, and other tech platforms have taken away most of their ad revenue, news publishers are realizing they need to get revenues from users to stay afloat.<br>
<br>
Well, good luck with that. Most of the paywalls or freemium products they have created are doomed to disappointment.<br>
<br>
Publishers will have trouble breaking their bad habits. They have been so busy delivering mass audiences to advertisers with increasingly frivolous or sensationalistic content, <b>or delivering profits to investors by cutting key editorial staff</b>, that they may not have the know-how or talent to produce content valuable enough that people will pay for it.<br>
<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/11/a-guru-tells-publishers-how-to-make.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-19332507037955877242019-11-17T08:05:00.002-08:002019-11-17T08:30:38.400-08:00My newsstand guy is quitting, victim of digital mediaPAMPLONA, Spain -- For the past five years I have been buying my newspapers on the weekend at a neighborhood newsstand. The owner and I, <b>Jesus Erro,</b> got to be casual friends, and we talked about the politics and culture of our respective countries. He is a big reader. <br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9V702J3pL76oP-LYcH5Pp75cLDjgIXvL0k3pL2MGC-9htdPchnfeMMuLbl7xWxqX92pi5KOm31oJ7DNMaQAFmnK4d5lvul4vRNysX0n56ogIhKc1VdwPtxGO5UgupNnNM08xeqQ4GZWc/s1600/Newsstand+closing+quiosquero+cierra+.jpeg" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1286" data-original-width="1600" height="321" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9V702J3pL76oP-LYcH5Pp75cLDjgIXvL0k3pL2MGC-9htdPchnfeMMuLbl7xWxqX92pi5KOm31oJ7DNMaQAFmnK4d5lvul4vRNysX0n56ogIhKc1VdwPtxGO5UgupNnNM08xeqQ4GZWc/s400/Newsstand+closing+quiosquero+cierra+.jpeg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Sign in the window announces the owner is retiring and closing the shop.</td></tr>
</tbody></table>
This weekend, I found out he is closing his doors and retiring after 27 years at that location. Nobody wanted to buy the business, and he had reached the legal age to retire, 62. His son is a teenager, and his wife works for the local government, and he plans to focus on them. But beyond that, he isn't sure what he will do. <br />
<br />
<a href="https://newsleaders.blogspot.com/2019/11/un-quiosquero-cierra-victima-de-la.html" target="_blank"><i>Versión en español </i></a><br />
<br />
Three years ago, I interviewed him to get his perspective on the newspaper business in Spain. All the dailies were suffering at that time. It had been in a steady decline since 2008, first because of the financial crisis and then because of consumers' switching to digital platforms to get their news. Lately, it has gotten even worse. <br />
<br />
Erro loves books, and his original idea when he bought the shop was to sell books. Newspapers were just a sideline. With the crisis, he also took to selling bread since lots of cafes and bakeries opened up nearby and also sold the local newspapers.<br />
<br />
Below is a video of our 2016 interview, with subtitles in English.<br />
<br />
<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/TWeGr4AfXBs" width="560"></iframe>
<br />
<br />
On Tuesday, Nov. 19, Erro will close for the last time. He had a clearance sale going on. I bought an armload of National Geographic specials on science and archeology.<br />
<br />
There are few nearby places to buy the national press, so I'm not sure what I will do. I still like the printed editions, especially on the weekends when there is a lot more to read.<br />
<br />
Most of all, I'm going to miss our conversations. <br />
<br />
Here is a link to our original interview: <a href="https://newsentrepreneurs.blogspot.com/2016/10/newsstand-owner-adapts-to-survive-media.html" target="_blank">Newsstand owner adapts to survive media crisis</a><br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-24798321543339715242019-10-13T08:29:00.001-07:002021-04-20T22:49:13.605-07:00Vargas Llosa says democracy is the best defense against propaganda and nationalism<h3>
His latest historical novel tells of CIA misinformation campaign</h3><p>
<span style="font-size: small;"><span style="font-family: inherit;">Mario Vargas Llosa, a Nobel laureate in literature, has just published a historical novel, <i>Tough Times</i> ("Tiempos recios"), whose plot is based on the 1954 overthrow of the democratically elected government in Guatemala that was engineered by the CIA. </span></span></p><p><span style="font-size: small;"><span style="font-family: inherit;">For the novelist, that conspiracy has many echoes today in the status of news media organizations and the abundance of information and disinformation available to the general public. </span></span></p><p><span style="font-size: small;"><span style="font-family: inherit;">During a publicity tour in Spain, Vargas Llosa <a href="https://elpais.com/cultura/2019/10/11/babelia/1570793815_665802.html" target="_blank">gave an interview</a> to El Pais, arguably the country's most prestigious daily. He said that the 1954 coup in Guatemala was masterminded for the CIA by a public relations expert named Edward L. Bernays, whose nickname was "the clever puppetmaster". Bernays's philosophy of communication could be boiled down to a phrase: <b>propaganda will prevail over the truth</b>. </span></span><br></p>
<span style="font-size: small;"><span style="font-family: inherit;">In fact, the media campaign described in the novel was based on what really happened. A propaganda campaign persuaded the elite of Boston "that the interests of the United Fruit Company are the same as the United States, and that the recently inaugurated democracy of Guatemala puts them in jeopardy because of their dependence on the Kremlin". In fact, Soviet influence was exaggerated or non-existent; the government's land policies threatened United Fruit's business interests.</span></span><br>
<span style="font-size: small;"><span style="font-family: inherit;"><br></span></span>
<span style="font-size: small;"><span style="font-family: inherit;"><a href="https://newsleaders.blogspot.com/2019/10/vargas-llosa-la-democracia-es-la-mejor.html#more" target="_blank"><i>Versión en español</i></a></span></span><br>
<a href="http://newsentrepreneurs.blogspot.com/2019/10/novelist-says-you-choose-nationalism-or.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-23968063294614722602019-10-11T00:51:00.003-07:002019-10-11T00:51:55.480-07:00Letters to a newspaper publisher III: A shameful scandal right under your nose<span lang="ES" style="mso-ansi-language: ES;"><span style="font-size: small;"><span style="font-family: inherit;"><i>How should a media executive manage the business during a time of disruptive technological change? <a href="https://www.unav.edu/web/conoce-la-universidad/organizacion/oficina-del-rector/anteriores-rectores/alfonso-nieto" target="_blank">Alfonso Nieto</a>
attempted to answer that question in his book "Letters to a newspaper
publisher," written in 1987 when newsrooms in Spain were moving from
typewriters to computers. His comments have acute relevance today. </i></span></span> </span><br>
<br>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://www.unav.edu/image/image_gallery?uuid=0a5de5ba-71ae-431c-a340-59cc12bf0656&groupId=11306&t=1398852757778&fileName=Foto-9_ok.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="385" data-original-width="550" height="224" src="https://www.unav.edu/image/image_gallery?uuid=0a5de5ba-71ae-431c-a340-59cc12bf0656&groupId=11306&t=1398852757778&fileName=Foto-9_ok.jpg" width="320"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Alfonso Nieto, <a href="https://www.unav.edu/image/image_gallery?uuid=0a5de5ba-71ae-431c-a340-59cc12bf0656&groupId=11306&t=1398852757778&fileName=Foto-9_ok.jpg" target="_blank">photo University of Navarra</a></td></tr>
</tbody></table>
<span lang="ES" style="mso-ansi-language: ES;">In this letter to a fictitious newspaper publisher, titled "A Shameful Scandal", Alfonso Nieto criticizes media executives who are focused only on the bottom line without paying attention to the quality of the content in their own publications. (The scandal is a defamation lawsuit against a reporter.)</span><br>
<br>
<span lang="ES" style="mso-ansi-language: ES;">Nieto also emphasizes the importance of hiring journalists with high ethical standards. "This profession is so prominent that it should exclude those of mediocre character who are untrustworthy, resentful, or selfish" (p. 58). </span><br>
<div class="MsoNormal" style="mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<br>
<span lang="ES" style="mso-ansi-language: ES;">The top executives of the media organization have the responsibility to communicate clearly the editorial standards of the organization, Nieto says. Without that, there is disorder in the newsroom. In the absence of clear direction, each section editor creates their own fiefdom, and "this disorder is the key that opens the door to misinformation and mistakes" (pp. 59-60). </span></div>
<a href="http://newsentrepreneurs.blogspot.com/2019/10/letters-to-newspaper-publisher-iii.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-32927610967608328492019-10-09T10:27:00.002-07:002019-10-09T10:33:20.080-07:00Experts explain 'How to make meetings less terrible'The title of this blog post is taken from a <a href="http://freakonomics.com/podcast/meetings/" target="_blank">Freakonomics Radio podcast</a> by Steven J. Dubner, and I recommend listening to all 42 minutes of it. But if you can't find the time, here are some of the key points.<br>
<br>
<b>How terrible are meetings? </b><br>
Steven Rogelberg, an organizational psychologist, says research has shown that around 70 percent of senior managers view meetings as unproductive. And these are typically the people calling the meetings.<br>
<br>
The higher up the chain of command they go, executives attend more meetings. Rogelberg estimates most professionals in the U.S. attend 15 meetings a week.<i>"</i>But what we know from the research is that left to just the standard
protocols of people talking, that a decision better than what would
have just been produced by the best individual in the room only occurs
20 percent of the time.<i>"</i> He has written a book on the subject, <a href="https://www.amazon.com/gp/product/0190689218/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=freakonomic08-20&creative=9325&linkCode=as2&creativeASIN=0190689218&linkId=c96ece539854340362e8ff00d2809b91" target="_blank">The Surprising Science of Meetings</a>.<br>
<br>
<h4>
Why are meetings so terrible?</h4>
<h4>
<span style="font-weight: normal;">Most meetings are done on a schedule, out of habit, and have no purpose, says Helen Schwartzman, an anthropologist at Northwestern University who wrote the book <a href="https://www.goodreads.com/book/show/5140191-the-meeting" target="_blank">The Meeting: Gatherings in Organizations and Communities</a>. "I would say that meetings are the organization. Which is to say that
instead of having the meeting as a place to solve problems, we need to
have problems and crises and decisions to produce meetings." If there are no problems to be solved, there is no reason to meet.</span></h4>
<a href="http://newsentrepreneurs.blogspot.com/2019/10/experts-explain-how-to-make-meetings.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-55775532991468585962019-10-09T04:26:00.004-07:002019-10-11T00:53:43.039-07:00Letters to a publisher II: Treat your readers with respect<div class="post-title entry-title" itemprop="name">
<span style="font-size: small;"><span style="font-family: inherit;"><i>How should a media executive manage the business during a time of disruptive technological change? <a href="https://www.unav.edu/web/conoce-la-universidad/organizacion/oficina-del-rector/anteriores-rectores/alfonso-nieto" target="_blank">Alfonso Nieto</a>
attempted to answer that question in his book "Letters to a newspaper
publisher," written in 1987 when newsrooms in Spain were moving from
typewriters to computers. His comments have acute relevance today. </i></span></span></div>
<i><span lang="ES" style="mso-ansi-language: ES;"></span></i><br>
<br>
<div style="text-align: left;">
</div>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://www.unav.edu/image/image_gallery?uuid=f5068c42-5e66-4d07-8e0d-5048480b7110&groupId=11306&t=1392291814760&fileName=AlfonsoNieto_bio.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="147" data-original-width="220" src="https://www.unav.edu/image/image_gallery?uuid=f5068c42-5e66-4d07-8e0d-5048480b7110&groupId=11306&t=1392291814760&fileName=AlfonsoNieto_bio.jpg"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Alfonso Nieto, University of Navarra portrait</td></tr>
</tbody></table>
In this letter to a fictitious newspaper publisher, which he titled "The dwarf and the giant", Alfonso Nieto criticized media owners, managers, and journalists for failing to take into account the problems and the needs of their readers. <b>Nieto saw the media industry as arrogant,</b> looking down on the public and their viewpoints. <br>
<br>
<span lang="ES" style="mso-ansi-language: ES;">Beyond that, the media viewed their audiences as merely market segments to be lumped into groups based on age, gender, income, occupation, or other attributes that they could monetize. </span><br>
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<h3>
<span lang="ES" style="mso-ansi-language: ES;">The arrogance </span></h3>
<span lang="ES" style="mso-ansi-language: ES;">The media used a language, he believed, that emphasized their superior education and social position rather than trying to create a more intimate connection with their readers. This could very well describe the traditional media today, which have been losing readers and TV viewers because they focus much of their attention on the conflicts among political parties rather than finding solutions. </span><br>
<a href="http://newsentrepreneurs.blogspot.com/2019/10/letters-to-publisher-ii-treat-your.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-6360253820080779392019-10-09T01:44:00.001-07:002019-10-11T01:17:15.531-07:00Letters to a newspaper publisher: it's not just the bottom line<div class="post-title entry-title" itemprop="name">
<i><span style="font-size: small;">How should a media executive manage the business during a time of disruptive technological change? <a href="https://www.unav.edu/web/conoce-la-universidad/organizacion/oficina-del-rector/anteriores-rectores/alfonso-nieto" target="_blank">Alfonso Nieto</a> attempted to answer that question in his book "Letters to a newspaper publisher," written in 1987 when newsrooms in Spain were moving from typewriters to computers. Nieto was one of the pioneers in the discipline of media economics, and his writings have acute relevance today, when the media world has been disrupted again by digital technology. He was rector of the University of Navarra 1979-1991, where I now teach. </span></i></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipG4tjZgdi8oYAtQgOYEnBC8SenDcgBNw7d9lyNkZJBtC35nvyFeHod7IyqSt5iFsJNo_MdwaaSM2NgeInOLTCnKXFhDKZ5pdYr3omLaWkdbdryvV-Su6ximCvvPJFkqtcq0mRHgJrY20s/s1600/Alfonso+Nieto.jpeg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="210" data-original-width="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipG4tjZgdi8oYAtQgOYEnBC8SenDcgBNw7d9lyNkZJBtC35nvyFeHod7IyqSt5iFsJNo_MdwaaSM2NgeInOLTCnKXFhDKZ5pdYr3omLaWkdbdryvV-Su6ximCvvPJFkqtcq0mRHgJrY20s/s1600/Alfonso+Nieto.jpeg"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Alfonso Nieto, <a href="https://www.bing.com/images/search?view=detailV2&id=933AAB6182724D2B5E0EF1B38D3FE450633E0406&thid=OIP.pCCor9HMnGvz8uo-mIo8YgHaFL&exph=385&expw=550&q=alfonso+nieto+unav&selectedindex=2&qpvt=alfonso+nieto+unav&vt=0&eim=1,6" target="_blank">University of Navarra Photo</a></td></tr>
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<span lang="ES" style="mso-ansi-language: ES;">Alfonso Nieto worked as a consultant to media executives in addition to teaching, and in this book he wanted to go public with his advice without violating any confidential information. So <b>he created a fictitious news executive</b> to whom he wrote a series of letters with some down-home advice. He wanted publishers to think not just of their business results and their investors but also of their publication's impact on employees, the audience, and democratic society as a whole. </span><br>
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<span lang="ES" style="mso-ansi-language: ES;">(It is interesting to note that the <b>Business Roundtable</b>, an organization of business leaders in the U.S., recently advocated a <a href="https://www.wsj.com/articles/business-roundtable-steps-back-from-milton-friedman-theory-11566205200" target="_blank">major change in management philosophy</a> in line with Nieto: take into account all stakeholders--employees, customers, suppliers, and community--not just the shareholders.)</span><br>
</div></div><a href="http://newsentrepreneurs.blogspot.com/2019/10/letters-to-newspaper-publisher-its-not.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-71194848743936071582019-09-27T08:21:00.000-07:002019-09-27T20:56:35.844-07:00Is six hours a day on my phone too much? This is the third year I have done an unscientific survey of my students in Media Economics about how they use their smartphones.<br>
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<tr><td class="tr-caption" style="text-align: center;"><span class="photo_usage-attribution" data-v-7a502496="" id="attribution"><a data-v-7a502496="" href="https://search.creativecommons.org/photos/b2bf8029-2505-4448-bb8c-6ef5785b4096" rel="noopener" target="_blank">"WhatsApp Redesign"</a> <span data-v-7a502496="">
by
<span data-v-7a502496="">Ayoub Elred</span></span>
is licensed under
<a class="photo_license" data-v-7a502496="" href="https://creativecommons.org/licenses/by-nc/4.0/?ref=ccsearch&atype=rich" rel="noopener" target="_blank">
CC BY-NC 4.0
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The point of the exercise is for them to do their own assessment and make observations. In previous years they simply counted <b>how many notifications or alerts they receive</b>d on their phones in one hour or a class session. An alert is any ping, buzz, vibration, or lock-screen flash that tells them they have a message or news update from their various applications.<br>
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The distraction industry is getting ever more sophisticated in finding ways to get us to pay attention to their messages, because <b>time, or attention, is money</b>. Specifically, it allows tech platforms and news services to deliver targeted ads and make money from our attention.<br>
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<b>An alert a minute</b><br>
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This year, 27 students counted notifications received in a 60-minute period. <b>The average was 58</b>, almost an alert a minute. The median --with half registering more, half less-- was 36. (The total alerts received was <a href="https://newsentrepreneurs.blogspot.com/2018/09/whatsapp-instagram-top-classroom.html">slightly more than last year </a>and <a href="https://newsentrepreneurs.blogspot.com/2017/09/we-interrupt-this-class-for-news-of.html">roughly three times </a>the year before, although the unscientific methodology was slightly different each time.)<br>
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<a href="http://newsentrepreneurs.blogspot.com/2019/09/is-six-hours-day-on-my-phone-too-much.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-88965261526969238072019-09-20T10:52:00.001-07:002019-09-21T07:46:14.691-07:00When it comes to reputation, news media brands have been missing the boat<a href="https://www.reputationinstitute.com/dr-cees-van-riel">Cees van Riel</a> is an internationally known scholar and consultant who has spent much of his career studying how to measure the reputation of organizations and use the data for better decision-making.<br>
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<tr><td class="tr-caption" style="text-align: center;">Cees van Riel. <a href="https://www.reputationinstitute.com/dr-cees-van-riel">Photo from Reputation Institute</a></td></tr>
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During a recent chat with faculty at the University of Navarra, he talked about how a growing body of research links the financial performance of a company with its reputation as corporate citizen and community leader.<br>
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<b>Leaders must speak up</b><br>
Companies whose leaders and employees specifically say what they stand for, and back that up with their behavior, emerge as leaders in their industry by all sorts of tangible indicators, including but not limited to financial performance.<br>
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"You have to say yourself what you stand for," Cees said. "If you don't, no one will believe you." <br>
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Cees's observations made me realize that news media have done a terrible
job at informing the public about the importance of what they do,
namely <b>investigating deeply</b> to discover the truth and <b>informing the public</b> in a democratic society.<br>
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News media organizations should be taking this insight to heart, but often they view it as unseemly self-promotion. <b>They assume everyone views them as an authority, as the purveyors of truth and guardians of the public interest</b>. And, of course, they're wrong. Almost everywhere in the world, <a href="https://www.reuters.com/article/us-media-news-survey-idUSKBN19D015">news media have low credibility</a>. (Trust explored <a href="https://newsentrepreneurs.blogspot.com/2019/06/frustrated-fact-checkers-lies-keep.html">in more depth</a> here.) <br>
<a href="http://newsentrepreneurs.blogspot.com/2019/09/when-it-comes-to-reputation-news-media.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-15152546992806984462019-09-20T04:39:00.002-07:002019-10-18T20:02:05.088-07:00Plagiarism: Someone is publishing my blogs under their bylineSomeone named Chris Lynn at the blog Worldwide News has taken dozens of my blog posts and put his own byline on top of them. <br>
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Evidently the sole purpose of the blog Worldwide News has been to kill the online version of an <b>investigative report about official corruption </b>published by the<a href="https://mg.co.za/"> Mail & Guardian</a> newspaper in South Africa. <br>
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<tr><td class="tr-caption" style="text-align: center;">Both of these blog posts were published by me. Chris Lynn's byline is on them now. Click to enlarge image</td></tr>
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It's a clever scheme in which this Chris Lynn (whoever that is) copy-pasted the Mail & Guardian article onto his own blog, then claimed to have been plagiarized by the original publisher and got the Mail & Guardian's internet hosting site to remove the supposedly plagiarized original article.<br>
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<a href="https://mg.co.za/article/2019-10-04-00-the-digital-breadcrumbs-behind-the-mgs-censorship-attack?fbclid=IwAR2XmmPSKtFtge2uRU2-wEqjVVV6v5NDRcBkozOhE9CLpLXpr30nyHSyz44" target="_blank">Update: The people behind the plagiarism </a><br>
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The<a href="https://worldwidenewsblogspot.blogspot.com/2019/06/fraudster-named-in-sas-oil-deal.html"> original investigation</a>, which describes the activities of a man in Africa posing as a U.S. Congressman, appears among dozens of other articles on the Worldwide News blog, most of which are my blog posts. Evidently the thinking was -- and this is a humbling thought -- that search engines would see a blog with mostly academic content by an obscure American professor and not call attention to an article about scandal hidden in the academic weeds.<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/09/plagiarism-someone-is-publishing-my.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-52708694077702994482019-09-06T09:02:00.000-07:002019-09-07T00:47:02.629-07:00Manage your operation with the language of numbersIJNet has recently launched its <a href="https://ijnet.org/en/toolkit/media-entrepreneurship-toolkit">Media Entrepreneurship Toolkit</a> to help journalists make their own projects financially sustainable.<br />
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My contribution was an introduction to some of the <a href="https://ijnet.org/en/resource/accounting-and-budgeting-tips-journalism-entrepreneurs">basics of accounting and budgeting</a>.<br />
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Some of the key points to keep in mind:<br />
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<ul>
<li>There are some free online budgeting and accounting software packages that can organize your financial information for you.</li>
<li>If you are just starting out, make a list of all the monthly expenses you think you might incur. </li>
<li>Consider the possibility that you might use inexpensive or free digital tools at the beginning to keep costs down. </li>
<li>Make sure you know how much you are spending each month. This is called the burn rate. If you don't bring in any more money, how many months do you have before you run out of cash?</li>
<li>Digital advertising is unlikely to produce much revenue for a small startup. Consider sponsorships, native advertising, donations, and other sources. </li>
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There's nothing to be afraid of. Even English majors can learn how to do the basics.<br />
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<a href="https://ijnet.org/es/resource/consejos-de-contabilidad-para-emprendedores-de-periodismo">Versión en español</a><br />
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Other articles in the Toolkit are by Jeremy Caplan, Director of Teaching and Learning at CUNY's Newmark Graduate School of Journalism in New York City:<br />
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<a href="https://ijnet.org/en/resource/what-do-if-your-startup-fails">What to do if your startup fails </a><br />
<a href="https://ijnet.org/en/resource/5-ways-journalism-startups-can-engage-audience">5 ways journalism startups can engage an audience</a><br />
<a href="https://ijnet.org/en/resource/7-challenges-overcome-launching-startup">7 challenges to overcome in launching a startup</a><br />
<a href="https://ijnet.org/en/resource/qualities-successful-entrepreneurs">Qualities of successful entrepreneurs </a><br />
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-76663288287026493012019-08-23T05:30:00.000-07:002019-08-27T03:34:30.314-07:00How to be more credible, from an investigative reporter<div style="text-align: left;">
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<tr><td class="tr-caption" style="text-align: center;">Tina Kaiser. <a href="http://giselaguertler.de/">Photo by Gisela Gürtler</a><span lang="EN-US" style="font-size: 11.0pt;"><br></span></td></tr>
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News organizations <a href="http://www.digitalnewsreport.org/survey/2018/which-brands-do-we-trust-and-why/">have been losing credibility </a>for years, and the reasons are many. Too often, we journalists have been arrogant and said, in effect, Trust us, we know what we're doing. But today, journalism is under attack, and we have to explain why people should trust us.<br>
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There are many things publishers can do to improve credibility, said Tina Kaiser, an investigative <a href="https://www.welt.de/autor/tina-kaiser/">reporter for Die Welt </a>in Germany, during a talk with a group of journalists and communicators <a href="https://e-jcn.eu/about-the-project/">from the College of Europe</a>.<br>
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In her talk, at Die Welt's Berlin headquarters, Kaiser described the publication's policies and mentioned how they were applied in specific stories, such as a series about <a href="https://www.welt.de/politik/article196730087/Kriminelle-Grossfamilien-Der-ehrgeizige-Kampf-gegen-arabische-Clans.html">Arab gangs in Germany</a>. <br>
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1. <b>Transparent corrections</b>. Admit your mistakes quickly and fully, and be transparent about how they were made. If an organization simply says, "this information was incorrect", the public is left with doubts about why a correction was determined to be necessary. Was it an honest mistake, a careless breach of journalistic standards, or inaccurate information provided by a source? Without some explanation, readers might assume that a correction was made because of undue pressure and influence from some interested party.<br>
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2. <b>"The making of" stories</b>. For any kind of long-term investigative or enterprise stories, a news organization ought to also publish an explanation of how information was obtained, who the sources were, where journalists traveled to interview people and do research, how the information was double-checked and verified, and other information that demonstrates the care and professional standards used. <br>
<a href="http://newsentrepreneurs.blogspot.com/2019/08/how-to-be-more-credible-from-bild.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-85769030870999516962019-06-25T23:55:00.001-07:002020-02-16T22:03:16.740-08:00Is quality journalism sustainable? Here are 20 media organizations that are solving this problem<i><span style="color: black; font-family: "" "times new roman" "" , serif; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">This post is part of a study that identifies 20 media
organizations from 16 countries and four regions --Eastern and Central Europe, Western Europe, Latin America, and the United States-- that have developed sustainable business models
for high-quality journalism.</span></i><span style="color: black; font-family: "" "times new roman" "" , serif; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";"> <i>This list is by no means exclusive. The examples were chosen
to present a variety of solutions to this challenge. We welcome comments on
other media we could have included. </i></span><br>
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<i><span style="color: black; font-family: "" "times new roman" "" , serif; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman";">-- James Breiner</span></i><br>
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</div><a href="http://newsentrepreneurs.blogspot.com/2019/06/20-media-from-four-continents-achieve.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-22805664478659115002019-06-24T01:06:00.001-07:002019-06-24T01:06:24.882-07:00Frustrated fact-checkers: the lies keep being told<span style="font-size: small;">Lies have a life of their own, and people want to believe them, especially when they are about people they don't like, "the other". Facts don't sway people. </span><br>
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<span style="font-size: small;">As Laura Hazard Owen recently <a href="https://www.niemanlab.org/2019/06/first-generation-fact-checking-is-no-longer-good-enough-heres-what-comes-next/">reported in Nieman Lab</a>, three leading fact-checking organizations have said their work needs to go beyond simply calling out the lies of prominent people. This work is valuable, but the fact-checkers don't have big enough audiences to reach everyone who is receiving the false or misleading information. <b>"Fact checkers are outspent by [political] campaigns 100 to 1 or more at election times," </b>say the fact-checkers. </span><br>
<span style="font-size: small;"><br></span>
<span style="font-size: small;">So the fact-checkers have issued <a href="https://fullfact.org/blog/2019/jun/how-fact-checking-works/">a call to action</a> in which they don't just clarify or disprove the misleading information. They "publish and act". "We seek corrections on the record, pressure people not to make the same mistake again, complain where possible to a standards body. In other words, we use whatever forms of moral, public, or where appropriate regulatory pressure are available to stop the spread of specific bits of misinformation."</span><br>
<br>
<span style="font-size: small;"><span style="font-size: small;">See also: <a href="https://www.niemanlab.org/2018/04/so-what-is-that-er-trusted-news-integrity-trust-project-all-about-a-guide-to-the-many-similarly-named-new-efforts-fighting-for-journalism/">Nieman Lab's list of news credibility projects </a></span></span><br>
<br>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5-Na2jagkwdQIRGvP8Do_wVkc4hSTniAprqV-1VLseUuuM7Kk3ALW-0v-xvL_EtIMZoyThaRBqj2xeoQEXZzY6i1krbVZXwWxqNyQWa89r192JqrifCfhGm1zM8ed2yU1LcruaigQQTNZ/s1600/Screen+Shot+2019-06-23+at+3.14.37+PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="662" data-original-width="902" height="292" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5-Na2jagkwdQIRGvP8Do_wVkc4hSTniAprqV-1VLseUuuM7Kk3ALW-0v-xvL_EtIMZoyThaRBqj2xeoQEXZzY6i1krbVZXwWxqNyQWa89r192JqrifCfhGm1zM8ed2yU1LcruaigQQTNZ/s400/Screen+Shot+2019-06-23+at+3.14.37+PM.png" width="400"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Less
than half of people in 38 countries trust "most news most of the time".
And they have very little trust in the news they find in social media.
From <a href="https://reutersinstitute.politics.ox.ac.uk/sites/default/files/2019-06/DNR_2019_FINAL_0.pdf">Reuters Institute Digital News Report 2019</a>, p. 21. </td></tr>
</tbody></table>
<span style="font-size: small;"></span><br>
<a href="http://newsentrepreneurs.blogspot.com/2019/06/frustrated-fact-checkers-lies-keep.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-48545864092180142572019-05-29T22:04:00.002-07:002019-06-11T23:42:28.042-07:00Investigative journalism: great return on investment<h3>
Between fines and recovered funds, journalists get results</h3>
Lately a couple of us here at the University of Navarra have been looking for models of <b>high-quality journalism</b> that are sustainable. As it turns out, many of the best news organizations that are thriving are doing investigative journalism.<br>
<br>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivavXUy04OJO_fmoPrGjwiHXERXTStAHGGlbxe9rWeyi7_l5Lrir-d_xkiAipD-8CVAsVkrQkGW0nmxEQNdxfYq5LsP1azV2z_gujn-re5cPWjLp0ht3KIPwhzYp0N6zIyQHZGyZALWEAb/s1600/OCCRP+impact.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="670" data-original-width="986" height="217" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivavXUy04OJO_fmoPrGjwiHXERXTStAHGGlbxe9rWeyi7_l5Lrir-d_xkiAipD-8CVAsVkrQkGW0nmxEQNdxfYq5LsP1azV2z_gujn-re5cPWjLp0ht3KIPwhzYp0N6zIyQHZGyZALWEAb/s320/OCCRP+impact.png" width="320"></a></div>
Readers like this type of journalism, which holds the powerful accountable for their actions, makes them responsible for serving the public rather than themselves.<br>
<br>
<a href="https://gijn.org/2016/03/17/investigative-journalism-and-foreign-aid-a-huge-return-on-investment/">In a 2016 article</a>, two leaders of global investigative journalism organizations made the case that investigative journalism actually has a great return on investment, ROI.<br>
<br>
<a href="https://newsleaders.blogspot.com/2019/06/el-periodismo-de-investigacion-es-una.html"><i>Versión en español </i></a><br>
<br>
"Over the years [<b>Organized Crime and Corruption Reporting Project</b> (<a href="https://www.occrp.org/en/about-us">OCCRP</a>)] has accepted $5 million in funding from the U.S. and other governments. The return on that funding? With $2.8 billion recovered in fines and seized assets by various governments, the payoff is over 56,000 percent (or a 560-fold return)".<br>
The authors of that article were David E. Kaplan, executive director of the <a href="http://gijn.org/">Global Investigative Journalism Network</a>, and Drew Sullivan, one of the founders of OCCRP.<br>
<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/05/investigative-journalism-great-return.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-54416538586081305432019-05-20T02:39:00.002-07:002019-05-23T22:34:41.437-07:00In Eastern Europe, a media battle for hearts and minds<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsYpptkNaOdVHTm6btpywM16j2oIKbTBPFZUnHzRW5FhDsUMHegvRwRO73YYqpWNrRi9vpGiUNue4d3arjkrsD_Per3KUBMRPSu7OpWAbcRID1zgoiO5RCi3ahhyphenhyphenXl8lmCgiSjdWAs80If/s1600/Atlantic+Soros+Orban.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1022" data-original-width="1600" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsYpptkNaOdVHTm6btpywM16j2oIKbTBPFZUnHzRW5FhDsUMHegvRwRO73YYqpWNrRi9vpGiUNue4d3arjkrsD_Per3KUBMRPSu7OpWAbcRID1zgoiO5RCi3ahhyphenhyphenXl8lmCgiSjdWAs80If/s400/Atlantic+Soros+Orban.png" width="400"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Atlantic Magazine <a href="https://www.theatlantic.com/magazine/archive/2019/06/george-soros-viktor-orban-ceu/588070/">features the clash of ideas in Hungary</a>, Prime Minister Viktor Orban vs. philanthropist George Soros.</td></tr>
</tbody></table>
Many of the right-wing or nationalist leaders of Eastern and Central Europe have been winning votes by attacking the political correctness of the European Union and its allies.<br>
<br>
And they have chosen as their whipping boy <b>George Soros</b>, the billionaire and philanthropist whose Open Society Foundations have been funding programs that promote Western democratic values like freedom of expression, human rights, equality, and social justice.<br>
<br>
Russian President <b>Vladimir Putin</b> is part of the reason. He has never gotten over the humiliation of the 1991 collapse of the Soviet Union. Even worse was seeing three former member republics --Lithuania, Latvia, and Estonia-- join the European Union in 2004, along with four former Eastern bloc members, Poland, Hungary, Slovakia, and the Czech Republic. He is using media to try to get them back. <br>
<a href="http://newsentrepreneurs.blogspot.com/2019/05/in-eastern-europe-media-battle-for.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-83030674906255393012019-04-03T09:34:00.000-07:002019-04-05T00:00:57.271-07:00People are more important than the product<h3>
Reflections on several decades of managing news publications </h3>
A student in a media management course had to interview a media professional for his final research project. I agreed to be his subject, and in the course of an hour, he got me to talk about my philosophy of management in the digital era.<br>
<br>
Reading over the transcript of that interview, I realized how my thinking had changed over the years. <b>The main lesson I learned was to put people first.</b> Growing up in the old newspaper model of the news factory, I developed skill in the processes of production, meeting deadlines, getting the product out the door. That was the priority: produce a sufficent quantity of content at a level of professional quality consistent with the limitations of time, money, and space (the news pages) available.<br>
<br>
<b>The paradox </b><br>
<br>
Over time, I discovered an interesting paradox: <b>Putting people first generates more profit.</b> If you think first about developing your people and helping them achieve their personal and professional goals, the profit will follow. When you create an organization where people feel they are growing and learning and participating in a mission bigger than themselves, they become tremendously creative and productive.<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/04/people-are-more-important-than-product.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-75754827420586026882019-03-03T08:00:00.000-08:002020-01-21T04:08:59.010-08:00Smart money is betting on local, trustworthy newsThis blog post started out as an explanation to my friends and family
in Cleveland and Columbus, Ohio, <b>why their local newspapers had become
shadows of their former selves</b>. Why their newspapers were so thin. Why
news coverage was so shallow. Why they felt like they weren't getting
their money's worth.<br>
<br>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="http://assets.pewresearch.org/wp-content/uploads/sites/5/2012/08/8-16-12-3.png" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="450" data-original-width="296" height="400" src="https://assets.pewresearch.org/wp-content/uploads/sites/5/2012/08/8-16-12-3.png" width="262"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://assets.pewresearch.org/wp-content/uploads/sites/5/2012/08/8-16-12-3.png" target="_blank">From trust to distrust in one decade. Pew</a>.</td></tr>
</tbody></table>
And we will get there in a minute, but first, some good news. It was heartening to see the Knight Foundation's <a href="https://www.knightfoundation.org/press/releases/knight-foundation-focuses-on-building-the-future-of-local-news-in-300-million-five-year-commitment" target="_blank">recent announcement</a>
that it was committing $300 million over five years to strengthen
journalism, from the ground up, by focusing on local news and on
encouraging collaboration.<br>
<br>
“We’re not funding one-offs. We’re helping to <b>rebuild a local
news ecosystem</b>, reliable and sustainable, and we’re doing it in a way
that anyone who cares can participate,” said Alberto Ibargüen, Knight Foundation president. <br>
<br>
Gradually,
civic minded individuals and organizations have realized that the <b>loss
of local news coverage threatens democracy</b> and citizen participation.
Citizens don't know what's going on, which leaves elected officials
unaccountable for how they provide services and spend the public's
money. “Reliable news and information are essential for people to make
democracy work,” said Jennifer Preston, Knight Foundation vice president
for journalism. <br>
<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/03/smart-money-is-betting-on-local.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-32481963956143855312019-02-18T04:01:00.001-08:002019-02-25T10:25:57.787-08:00Time machine: the year broadband arrivedDigging through some old files recently, I came across a column I wrote for the Baltimore Business Journal 22 years ago. It described how our cable TV and internet provider had installed fiber-optic cable in the neighborhood.<br>
<br>
This new distribution channel transformed a clunky dialup internet service into a lightning fast information source. The hyperbole and enthusiasm expressed in the column are slightly embarrassing for someone who prides himself on skepticism. But some of it was right on target.<br>
<br>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8q77DNrxSQHvWNyafKzzG4fHHUqx1pkBbUoab0CrSXU2N8w9OsIbT5TReNUpgfFNhlpPz3kcu5XGR5PMbcZ1Ofci4eKLxzoLUDUF-empI3nPBio8xXj4sMjoXDYs422Fle894bkVJWJJJ/s1600/fiber+optic+cable.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="954" data-original-width="1532" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8q77DNrxSQHvWNyafKzzG4fHHUqx1pkBbUoab0CrSXU2N8w9OsIbT5TReNUpgfFNhlpPz3kcu5XGR5PMbcZ1Ofci4eKLxzoLUDUF-empI3nPBio8xXj4sMjoXDYs422Fle894bkVJWJJJ/s320/fiber+optic+cable.png" width="320"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">From PeakOptical.com</td></tr>
</tbody></table>
<a href="https://newsleaders.blogspot.com/2019/02/cuando-descrubri-la-banda-ancha-en-1997.html" target="_blank"><i>Versión en español</i></a><br>
<br>
It began, "Public libraries could be in danger." I described how I used this new service to research an advertising client before going to a meeting with the CEO. I was the publisher of the newspaper and thus ultimately responsible for sales. The column went on to contrast the internet with a library: <br>
<a href="http://newsentrepreneurs.blogspot.com/2019/02/time-machine-year-broadband-arrived.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-24087003368071618362019-01-30T23:33:00.002-08:002019-01-31T03:04:01.251-08:00When government fails, 'business has to step up'Businesses like to devote part of their marketing and public relations budget to promote how they are <b>giving back to society</b>. We are not just about profits, they try to say. And the message is arguably true, not just propaganda, as far as it goes.<br>
<br>
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWoPALVDbZjG1oGxjgKPFuYXJGcg4aA-hYPxiAc09VRN_hAzhOX0AvnarHf0NvN8RnVWKvvLBk1NLhokxervhoI-zrPn2G8XZcveK3fHb-QJnn0pCIXvc6QREFH_71KQ8dTTaUzICrflWy/s1600/Larry+Fink%252C+from+BlackRock+website.png" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="435" data-original-width="486" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWoPALVDbZjG1oGxjgKPFuYXJGcg4aA-hYPxiAc09VRN_hAzhOX0AvnarHf0NvN8RnVWKvvLBk1NLhokxervhoI-zrPn2G8XZcveK3fHb-QJnn0pCIXvc6QREFH_71KQ8dTTaUzICrflWy/s200/Larry+Fink%252C+from+BlackRock+website.png" width="200"></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Fink, from BlackRock.com</td></tr>
</tbody></table>
But we are starting to hear a different kind of message from business people, and it goes like this: <br>
<blockquote class="tr_bq">
"Around the world, <b>frustration</b> with years of stagnant
wages, the effect of technology on jobs, and uncertainty about the
future have fueled <b>popular anger</b>, <b>nationalism</b>, and <b>xenophobia</b>. In
response, some of the world’s leading democracies have descended into
wrenching political dysfunction, which has exacerbated, rather than
quelled, this public frustration. <b>Trust in multilateralism and official institutions is crumbling.</b>" <i>-- Larry Fink, </i><br>
(emphasis mine)</blockquote>
Business people will have to fill the gap left by polarized and paralyzed national governments: this is <a href="https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter" target="_blank">the message of Larry Fink, CEO of BlackRock</a>, the world's largest mutual fund company. Businesses have to show that they have a higher purpose than just making money. And, by the way, it's in your own interest to do so, he says. BlackRock has used its position as a major shareholder of some companies to push for <a href="https://www.nytimes.com/2019/01/17/business/dealbook/blackrock-larry-fink-letter.html" target="_blank">more socially conscious policies</a>. <br>
<br>
(More coverage of Fink's letter was in <a href="https://www.bloomberg.com/news/articles/2019-01-17/blackrock-s-fink-tells-ceos-to-join-political-fray-nyt-says" target="_blank">Bloomberg</a>, <a href="https://www.forbes.com/sites/michaelperegrine/2019/01/17/why-boards-should-pay-attention-to-larry-finks-message/#12b61c8a70ad" target="_blank">Forbes</a>, and <a href="https://www.reuters.com/article/us-blackrock-fink-breakingviews/breakingviews-hadas-larry-fink-cant-reshape-capitalism-idUSKCN1PJ27B" target="_blank">Reuters</a>, among others.)<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/01/when-government-fails-business-has-to.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-85230058802445220582019-01-16T23:36:00.001-08:002019-01-23T05:52:04.256-08:00What money can't buy in mediaMoney talks. Put your money where your mouth is. Show me the money. <br>
<br>
We have lots of expressions that equate money with crebility and trust. How people get and spend their money is often the most credible expression of what they value and who they are.<br>
<br>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-vkkTZ_FCjJUIeH1LxS0T0iHSk0ZtlH9VNgvvNfMOrlVv-11EXO152wZe8XPfH_ls-7dUsntDDdyrvdc8zGdBhE_V2v6U-c0Hzx2X757Qi1-JC2qGUWT1MZL96cvmTbcgJzoEBtmFt_19/s1600/Sapiens+by+Harari.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="808" data-original-width="628" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-vkkTZ_FCjJUIeH1LxS0T0iHSk0ZtlH9VNgvvNfMOrlVv-11EXO152wZe8XPfH_ls-7dUsntDDdyrvdc8zGdBhE_V2v6U-c0Hzx2X757Qi1-JC2qGUWT1MZL96cvmTbcgJzoEBtmFt_19/s200/Sapiens+by+Harari.png" width="155"></a>We attribute so much value to money and to the way it expresses our true beliefs that historian Yuval Noah Harari declared in his bestseller <a href="https://www.ynharari.com/book/sapiens/" target="_blank"><i>Sapiens: A Brief History of Humankind</i></a>:<br>
<blockquote class="tr_bq">
<br>
"Money is accordingly a system of mutual trust, and not just any system
of mutual trust: money is the most universal and most efficient system
of mutual trust ever devised."</blockquote>
<br>
By extension, this <b>belief in money</b> as the best measure of value of everything in modern society -- the loss of a loved one (insurance payouts), the salary of a teacher or a CEO, a barrel of oil -- <b>has led us to trust markets too much</b>. <br>
<br>
In fact, many studies have shown that the <b>media marketplace puts great value in misinformation</b>, disinformation, sensationalism, gossip, and entertainment (<a href="http://www.pewinternet.org/2017/10/19/the-future-of-truth-and-misinformation-online/" target="_blank">Pew</a>, <a href="https://reutersinstitute.politics.ox.ac.uk/risj-review/trust-misinformation-and-declining-use-social-media-news-digital-news-report-2018" target="_blank">Reuters Institute</a>, <a href="http://advances.sciencemag.org/content/5/1/eaau4586" target="_blank">Science Advances)</a>, as measured by revenue and profits generated from advertising. This is how social networks like Facebook and Instagram make their money.<br>
<br>
<i><a href="https://newsleaders.blogspot.com/2019/01/lo-que-el-dinero-no-puede-comprar-en.html" target="_blank">Versión en español</a></i><br>
<br>
In putting so much faith in the Invisible Hand of markets, <b>we have devalued the importance of ethics, credibility, trust, and community. </b>(Among my other holiday reading on the topic were a recent <a href="https://www.nytimes.com/2019/01/10/opinion/market-morality.html" target="_blank">column by David Brooks</a>, Jeffrey D. Sachs's <a href="https://www.amazon.com/Price-Civilization-Reawakening-American-Prosperity/dp/0812980468" target="_blank"><i>The Price of Civilization: Reawakening American Virtue and Prosperity</i></a> and Joseph E. Stiglitz's <a href="https://www.amazon.com/Euro-Common-Currency-Threatens-Future-ebook/dp/B015TDWSCU/ref=sr_1_1?s=books&ie=UTF8&qid=1547657355&sr=1-1&keywords=Joseph+stiglitz+the+euro" target="_blank"><i>The Euro: How a Common Currency Threatens the Future of Europe</i></a>.)<br>
<br>
<a href="http://newsentrepreneurs.blogspot.com/2019/01/what-money-cant-buy-in-media.html#more">Read more »</a>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7888314257793894170.post-8386227908093094262018-12-18T07:09:00.001-08:002018-12-18T09:10:16.802-08:00What causes market bubbles, and are we in one?<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_kakJw2Ely1BpozNca5y1qrElehou4zqXlg32QyQgx-KusXPkPrsLUsxB5pcupxTAiuJG2SKI_0sbU7IzEXqfEzT_yNaW6Ee_UFZRTKKxkklXU5W4cjn0pfH-2cYImFp8Au2v3Gr6QZr0/s1600/Screen+Shot+2018-12-18+at+8.58.54+AM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="960" data-original-width="692" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_kakJw2Ely1BpozNca5y1qrElehou4zqXlg32QyQgx-KusXPkPrsLUsxB5pcupxTAiuJG2SKI_0sbU7IzEXqfEzT_yNaW6Ee_UFZRTKKxkklXU5W4cjn0pfH-2cYImFp8Au2v3Gr6QZr0/s400/Screen+Shot+2018-12-18+at+8.58.54+AM.png" width="287"></a>An <a href="https://prensaycrisis.wordpress.com/speakers/" target="_blank">all-star group of media economics experts</a> gathered at the University of Navarra Dec. 13 and 14 to exchange ideas and research results on the role and behavior of media during periods of economic or financial boom and crash.<br>
<br>
Their approaches were varied: historical, media effects, content analysis, journalistic practice, political economy, etc.<br>
<br>
(<a href="https://prensaycrisis.wordpress.com/program/" target="_blank">The full program is here</a>.)<br>
<br>
Many of the presentations centered on media coverage of the <b>global financial crisis of 2008-2009</b> and its impact in countries including Ireland, England, Greece, Spain, the U.S., the Netherlands, Germany, and Denmark. The papers provoked lively debate among the participants, since there was significant time between presentations for questions and comments.<br>
<br>
The studies used ingenious research methods and rigorous statistical analysis to tease out surprising insights. I had the unenviable task of providing a summary at the end, on a Friday night, in just 10 minutes. So here is the cheeky result, with apologies to my learned colleagues:<br>
<br>
Cause of bubbles: <b>audiences</b><br>
• Overwhelmed by complexity<br>
• Uninterested in economics<br>
• Ignorant<br>
• . . . even willfully ignorant<br>
• Lazy, complacent <br>
• Delusional<br>
<br>
Causes of bubbles: <b>journalists</b><br>
• Overwhelmed by complexity<br>
• Lacking training in economics <br>
• Excessive sourcing from handful of public officials and financial industry experts <br>
• Excessive sourcing from charlatans posing as experts<br>
• Overworked, underpaid, forced to write click bait<br>
• Self-censorship, serving ownership interests<br>
• Uninterested, ignorant<br>
• Lazy, complacent <br>
• Unethical<br>
• Sometimes corrupt<br>
<br>
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