News Entrepreneurs
Business models for new digital media
Thursday, February 13, 2020
The Davos of journalism takes place in Perugia, Italy
Thursday April 2
Local journalism
Reinventing local news: how digital transformation works for small and medium-sized newsrooms
09:30 - 10:30 thursday 2/04/2020 - Sala della Vaccara, Palazzo dei Priori. On the panel are Alexandra Borchardt, Catarina Carvalho, Matteo Rainisio, Hannah Suppa.
Collaborative journalism
Enemies to friends: how news companies can partner for survival
10:45 - 11:45 thursday 2/04/2020 - Sala del Dottorato. On the panel are Jane Barrett of Reuters and Guido Baumhauer of Deutsche Welle.
Travel
Digital travel journalism: marrying creativity and technology
12:00 - 13:00 thursday 2/04/2020 - Palazzo Sorbello. On the panel are Ana Banas of the BBC, Nicoletta Crisponi, Brekke Fletcher of CNN, and Dmitry Shishkin of Culture Trip.
Monday, January 20, 2020
Collaboration emerges as an effective business model
News publishers have taken this idea to heart with a trend toward collaborating 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.
When they collaborate, small newsrooms get access to at least three scarce resources: time, in the form of help from other organizations; expertise, in the form of people who know how to do things they don't; and money, because the combined organizations can sometimes attract grants that none of them could by themselves.
One example: Nieman Lab reported on the Institute for Nonprofit News's collaborative investigation on the lack of hospitals and health care services in rural America. Twelve news organizations in seven states participated.
Hospitals in rural areas of the U.S. have been closing as population declines, much as local news media have been disappearing. The Institute for Nonprofit News, 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.
Tuesday, January 7, 2020
The winning business strategy builds on relationships
The losing strategy 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.
Those sites will continue to lose revenue and audience to the search and social platforms, as well as credibility and trustworthiness.
If you build a relationship with your audience, they are more likely to become loyal, to trust your work, to recommend your work, and to be willing to pay to support your mission. 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 Mediapart in France, eldiario.es in Spain, Animal Politico in Mexico and The Texas Tribune in the U.S.
Versión en español
Here’s a tip: build your email subscriber list. 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 monetizing their email newsletters.
Related:
Why most publisher paywalls are destined to fail
Publishers pivot toward users and credibility
Friday, November 29, 2019
Why most publisher paywalls are destined to fail
Picard: News organizations need to focus on creating value for users
Picard: Your content has to be exclusive and specialized. |
Well, good luck with that. Most of the paywalls or freemium products they have created are doomed to disappointment.
Publishers will have trouble breaking their bad habits. They have been so busy delivering mass audiences to advertisers with increasingly frivolous or sensationalistic content, or delivering profits to investors by cutting key editorial staff, that they may not have the know-how or talent to produce content valuable enough that people will pay for it.
Sunday, November 17, 2019
My newsstand guy is quitting, victim of digital media
Sign in the window announces the owner is retiring and closing the shop. |
Versión en español
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.
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.
Below is a video of our 2016 interview, with subtitles in English.
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.
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.
Most of all, I'm going to miss our conversations.
Here is a link to our original interview: Newsstand owner adapts to survive media crisis
Sunday, October 13, 2019
Vargas Llosa says democracy is the best defense against propaganda and nationalism
His latest historical novel tells of CIA misinformation campaign
Mario Vargas Llosa, a Nobel laureate in literature, has just published a historical novel, Tough Times ("Tiempos recios"), whose plot is based on the 1954 overthrow of the democratically elected government in Guatemala that was engineered by the CIA.
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.
During a publicity tour in Spain, Vargas Llosa gave an interview 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: propaganda will prevail over the truth.
Versión en español
Friday, October 11, 2019
Letters to a newspaper publisher III: A shameful scandal right under your nose
Alfonso Nieto, photo University of Navarra |
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).
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).