Some interesting thoughts on the future of news at the ReThink News summit held in Newport, Rhode Island, a summit sponsored by The School of Journalism at Michigan State University.
TED founder Richard Saul Wurman
Jim Kennedy, director of strategic planning for the Associated Press
Visual communicator David Gray, founder of Xplane
New York Times Multimedia Editor Andrew Devigal
Chris Finlay of the Business Innovation Factory
Media entrepreneur Brooks Bell
Visual communicator and designer Nigel Holmes
Related videos:
Showing posts with label news. Show all posts
Showing posts with label news. Show all posts
Thursday, November 18, 2010
Wednesday, April 21, 2010
Jeff Jarvis on New Business Models for News
Jeff Jarvis, professor of journalism at CUNY, on business models for news and hyper personal news streams.
Related videos:
Eric Schmidt on news, newspapers and real time content
Nick Bilton on new technology that will enable interesting business models for news
Videos from New Business Models For News Summit 2008
Related videos:
Eric Schmidt on news, newspapers and real time content
Nick Bilton on new technology that will enable interesting business models for news
Videos from New Business Models For News Summit 2008
Wednesday, November 4, 2009
Shanda Literature - An interesting business model for more than 800 000 authors
Shanda Literature, a subsidiary of Shanda Interactive Entertainment known for its online games, is an online publishing company based in Shanghai, with a very interesting business model.
More than 800 000 amateur authors have been providing around 50 million Chinese characters daily, to Shanda’s literature portals with around 500 million page views daily. Any writer can register with Shanda and post their works on any of its sites. Content is made available as Internet literature, mobile literature, traditional print, and Shanda has also its own E-Reader in development. Most known portals are Qidian, Jinjiang and Hongxiu, targeting different groups of readers with different types of content. Shanda Literature’s original online literature site Qidian has released more than 600 000 online novels.
Revenues are generated from micro transactions, advertising and for non-professional writers copyrights are acquired and licensed to other publishers, mobile, gaming, TV and film industries, with the great majority being from micro transactions. Readers can read the first half of a book for free and then, if they like the book, pay about 2-3 cents per 1000 characters, for the rest of the book. The total cost is about one-tenth of the paperback price to read a book online.
Revenues from micro transactions are shared 50/50 with the authors “that’s why writers in China can make a fortune” says Zhou Hongli, Chief Copyright Officer in the first video below.
The company that was founded in 2007 controls over 90% of China’s online-reading market, and generated $15 million in 2008 from a total readership of 25 million, and is still growing at 10 million new readers per year. It has received awards such as “China’s most promising enterprise”, “One of the ten best Internet brand names of China” and “China’s cutting edge media by Forbes”.
See the last 2 minutes in the video below:
Interview with Hou Xiaoquiang, CEO Shanda Literature. (noisy)
Related posts:
Friday, October 23, 2009
Videos from the Web 2.0 Summit 09 (Day3)
At the center of both the destruction and creation of new business models is the World Wide Web. At the Web 2.0 Summit, held in San Francisco October 20-22, some of the leading companies share their views on business models and what is next on the horizon. The Summit is arranged by O'Reilly Media and TechWeb, and moderated by John Battelle and Tim O'Reilly.
Videos from Day 1
Videos from Day 2
A Conversation with Paul Otellini Paul Otellini (Intel Corporation), John Battelle (Federated Media Publishing)
HOB: A Windows for the Web? Sundar Pichai (Google)
HOB: Burning Algae: The Green Crude Revolution Cynthia Warner (Sapphire Energy)
High Order Ignite - Sponsored by Omidyar Network Brady Forrest (O'Reilly Media, Inc.), Bre Pettis (I Make Things), Daniel Fletcher (CellScope), Rolf Herken (mental images GmbH), Jacquelyn Ford Morie (USC Institute for Creative Technologies), Dennis Crowley (foursquare)
A Conversation with Shantanu Narayen Shantanu Narayen (Adobe Systems Incorporated), John Battelle (Federated Media Publishing)
A Conversation with Jonathan Miller Jonathan Miller (News Corporation), John Battelle (Federated Media Publishing)
Discussion: Web Squared and the Economy of Work Liam Casey (PCH International), Maynard Webb (LiveOps), Josh Green (Panjiva), John Hagel (Deloitte & Touche)
A Conversation with Austan Goolsbee Austan (President's Economic Recovery Advisory Board), Tim O'Reilly (O'Reilly Media, Inc.)
A Conversation with Sergey Brin (Google)
A Conversation with Tim Armstrong Tim Armstrong (AOL), John Battelle (Federated Media Publishing)
HOB: An API for the English Language Erin McKean (Wordnik)
HOB: Surviving the Hype Curve: A Case Study Tom Hale (Linden Lab)
HOB: The Rise of the Network Company Sean Parker (Founders Fund)
Relating videos:
Saturday, October 17, 2009
Videos from New Business Models For News Summit 2008
Below is a great collection (3h) of videos from New Business Models For News Summit 2008, held at University of New York’s Journalism School, organized by Jeff Jarvis. The three videos cover very interesting presentations and summaries from group discussions about network models for news and media, new structures for news organizations, new efficiencies and structures for newsrooms, new revenue opportunities and models, and public support of journalism.
Jeff Jarvis' Introduction Slides:
Part I:
Speakers:
Jeff Jarvis, CUNY
Edward Roussel, Telegraph
Dave Morgan, Tacoda
Colin Crawford, IDG
Michael Rosenblum, video training
Part II:
Speakers:
Charlie Sennott, GlobalPost.com
Mark Josephson, Outside.in
Adam Davidson, NPR Planet Money
Samir Arora, Glam
Tom Evslin, ITXC
Part III:
Speakers:
Upendra Shardanand, Daylife
Scott Karp, Publish2
Dave Chase, NextNewsNet
Adam Bly, ScienceBlogs
David Cohn, Spot.us
Jeff Jarvis, CUNY
Scott Meyer, Warburg Pincus
Benjamin Wagner, MTV
Jan Shaffer, J-Lab
John Hassell, Star-Ledger
Related posts:
Related videos:
Speakers:
Jeff Jarvis, CUNY
Edward Roussel, Telegraph
Dave Morgan, Tacoda
Colin Crawford, IDG
Michael Rosenblum, video training
Part II:
Speakers:
Charlie Sennott, GlobalPost.com
Mark Josephson, Outside.in
Adam Davidson, NPR Planet Money
Samir Arora, Glam
Tom Evslin, ITXC
Part III:
Speakers:
Upendra Shardanand, Daylife
Scott Karp, Publish2
Dave Chase, NextNewsNet
Adam Bly, ScienceBlogs
David Cohn, Spot.us
Jeff Jarvis, CUNY
Scott Meyer, Warburg Pincus
Benjamin Wagner, MTV
Jan Shaffer, J-Lab
John Hassell, Star-Ledger
Related posts:
Related videos:
- Did you know 4.0 - The changing media landscape
- Eric Schmidt on news, newspapers and real time content
- Interview with Steve Rubel on business models for newspapers and online communities
- Journalism and business models discussed by panel at the International Center for Journalists' annual Board Dinner
- Nick Bilton on new technology that will enable interesting business models for news
- TimesOpen: Tim O'Reilly Keynote Video
Monday, October 5, 2009
Nick Bilton on new technology that will enable interesting business models for news
Nick Bilton, design integration editor and user interface specialist at The New York Times and The Times Research & Development Lab, at eDay 2009, talking about exciting new technology, using sensors to filter content, content for different devices and experimental advertising.
Related videos:
Related posts:
Wednesday, August 12, 2009
Chris Anderson on Freemium: The First Business Model of the 21st Century
A short but content rich presentation about the Freemium Business Model by Chris Anderson, that starts off by quoting five principles from Alan Murray, Deputy Managing Editor of The Wall Street Journal and Executive Editor for the Journal Online:
- The best model is a mix of paid and free content
- You can't charge for exclusives that will just be repeated elsewhere
- Don't charge for the most popular content on your site
- Content behind a pay wall should appeal to niches
- The narrower the niche, the better
“If you don’t make your exclusives free, other people will report on your exclusives, and they will get all the traffic… To reference my last book, The Long Tail, you get the head of the curve, the most popular stuff, that's best to monetize with advertising, and you got the tail of the curve, the niche stuff, a more narrow interest, that is best to monetize with direct payments… Give away the head, sell the tail”
This is very much in line with the results of the report On the outlook for newspapers in the digital age: Moving into multiple business models, by PricewaterhouseCoopers, summarized here.
Related videos:
Sunday, July 5, 2009
Journalism and business models discussed by a panel at the International Center for Journalists' annual Board Dinner
Two unexpected quotes from the panel about journalism and business models that made me laugh:
“In fact journalists take government support all the time; that is why they got relief so that they can have tiny little boys delivering newspapers, not have to be paying attention to child labor laws, or why they got to have joint operating agreements in contravention to laws of fair trade, or why they get postal privileges”
“I’ll tell you a business model that works really well. Porn. I don’t want to be distasteful but there is plenty of free porn on the Internet and there are some incredibly successful websites where you have to pay to get your porn… …they are obviously continuing to get something there when the same commodity is available for free elsewhere. And why? – Because it’s indispensible to them, it is necessary, it is fulfilling some kind of need, and it is being delivered to them in a platform that makes sense to them at that moment. And quite frankly, we are not doing that in journalism anymore.”
More videos:
Interview with Steve Rubel on business models for newspapers and online communities
Eric Schmidt on news, newspapers and real time content
Mad Avenue Blues - The year the media died
Further Reading:
Outlook for Newspaper publishing: Moving into multiple business models
Thursday, June 4, 2009
Mad Avenue Blues - The year the media died
A really fun take on the changing business models of media.
Related videos:
Friday, May 15, 2009
Outlook for Newspaper publishing: Moving into multiple business models
The newspaper industry has seen a long-term decline in circulation volume and advertisers have been moving from newspapers to online channels and into new formats to reach its target groups. At the same time several newspaper publishers that have started online TV-like experiences in relation to their online news sites, thus finding new audiences beyond their traditional print readers. The global economic downturn has accelerated the need for many newspaper publishers to adjust their business models to survive and as this 56 page report concludes "there will be some casualties and losses of well-known papers along the way."
The report On the outlook for newspapers in the digital age: Moving into multiple business models, is an interesting read from PricewaterhouseCoopers. Based on interviews with industry actors and 4900 consumers, it focuses on two key issues: the change of consumer behavior with respect to their consumption of news content, and the response of newspaper publishers, advertisers, advertising agencies and media buyers to these changes.
The change of consumer behavior
PwC concludes that print will remain the largest source of revenue generation for some time but will have to coexist with other media in new ways. Consumers see breaking news and general interest news as commodities, something that is more difficult to charge for online than offline. Instead they place a high value on deep insights and analysis provided by journalists, and a growing segment is increasingly demanding specialized information.
Consumers increasingly expect to be part of the debate and to be able to contribute to their newspaper, both in terms of commenting and in providing content. Perhaps surprising is that the rapid adoption of mobile technology and devices, has not yet resulted in high preference to use mobile devices for accessing information due to the difficulty of reading content and thus the overall willingness to pay for news on e-paper and mobile devices is low. Perhaps new business models around Amazon Kindle or perhaps a future e-reader from Apple? will do the trick?
Advertisers' perspective
The authors conclude that the shift of advertising revenue from print to online is expected to continue over the next few years even though TV appears to remain the most attractive medium for advertisers. However, advertisers can, and choose to, use multi-platform approaches, combining newspapers, magazines, mobile, the Internet, TV, cinema, radio, sponsorship and outdoor advertising. Main focus in the economic downturn is to use reliable and measurable media types to achieve the best return on investment. Another interesting conclusion is that advertisers are still reluctant to invest in user-generated content and social networking sites due to the difficulty of controlling the environment.
Publishers' perspective
The authors conclude that traditional newspapers have a relatively loyal reader base even though younger readers increasingly prefer to read news online. And although there is a huge potential for growth online and many younger readers prefer to read news online, the conclusion is that print will remain the largest source of revenue generation for some time. At the same time newspaper publishers are reassessing the role of the aggregator and are starting to introduce new subscription models combining multiple platforms and new technologies as new channels for distributing content.
PwC concludes that there is a shift in the organizational structure of newspaper publishing operations from a structure based on channel distribution to one based on content production. As actors in adjacent industries such as telecom providers are becoming media participants, newspapers can leverage their advantages of being a trusted source of information and having content creation as a core competence.
What about business models around APIs?
Something I miss in the report is the concept of a newspaper as an open platform. Newspapers such as the Guardian and the New York Times, and news organizations such as BBC and NPR have started to provide API (application programming interface) which allow third-party developers to access and reuse content databases in their own applications. This is something that the content owners can chose to charge for, enabling very interesting business models.
How will news be experienced online?
In the early days of the television, news was presented as if being in a newspaper. The Internet is only in its very early days and companies are exploring new ways to use algorithms analyzing twitter conversations to identify breaking news and combine videos, links, blogs, comments and communities to explore ways to provide deep insights and analysis. I believe the consumers answering these questions have a clear perception of how online news is and will be presented, and as Henry Ford allegedly once said "If I'd asked my customers what they wanted, they'd have said a faster horse."
This is a great report to dive into and contains much more than what I have covered above. For those of you interested to read more download the full report and watch a short video here.
Related posts:
The Freemium Business Model
Subscription-based business models
Related videos:
Eric Schmidt on news, newspapers and real time content
Tim O'Reilly on NYTimes.com as a news and information platform
Tim O'Reilly on Open Publishing
The report On the outlook for newspapers in the digital age: Moving into multiple business models, is an interesting read from PricewaterhouseCoopers. Based on interviews with industry actors and 4900 consumers, it focuses on two key issues: the change of consumer behavior with respect to their consumption of news content, and the response of newspaper publishers, advertisers, advertising agencies and media buyers to these changes.
The change of consumer behavior
PwC concludes that print will remain the largest source of revenue generation for some time but will have to coexist with other media in new ways. Consumers see breaking news and general interest news as commodities, something that is more difficult to charge for online than offline. Instead they place a high value on deep insights and analysis provided by journalists, and a growing segment is increasingly demanding specialized information.
Consumers increasingly expect to be part of the debate and to be able to contribute to their newspaper, both in terms of commenting and in providing content. Perhaps surprising is that the rapid adoption of mobile technology and devices, has not yet resulted in high preference to use mobile devices for accessing information due to the difficulty of reading content and thus the overall willingness to pay for news on e-paper and mobile devices is low. Perhaps new business models around Amazon Kindle or perhaps a future e-reader from Apple? will do the trick?
Advertisers' perspectiveThe authors conclude that the shift of advertising revenue from print to online is expected to continue over the next few years even though TV appears to remain the most attractive medium for advertisers. However, advertisers can, and choose to, use multi-platform approaches, combining newspapers, magazines, mobile, the Internet, TV, cinema, radio, sponsorship and outdoor advertising. Main focus in the economic downturn is to use reliable and measurable media types to achieve the best return on investment. Another interesting conclusion is that advertisers are still reluctant to invest in user-generated content and social networking sites due to the difficulty of controlling the environment.
Publishers' perspectiveThe authors conclude that traditional newspapers have a relatively loyal reader base even though younger readers increasingly prefer to read news online. And although there is a huge potential for growth online and many younger readers prefer to read news online, the conclusion is that print will remain the largest source of revenue generation for some time. At the same time newspaper publishers are reassessing the role of the aggregator and are starting to introduce new subscription models combining multiple platforms and new technologies as new channels for distributing content.
PwC concludes that there is a shift in the organizational structure of newspaper publishing operations from a structure based on channel distribution to one based on content production. As actors in adjacent industries such as telecom providers are becoming media participants, newspapers can leverage their advantages of being a trusted source of information and having content creation as a core competence.
What about business models around APIs?Something I miss in the report is the concept of a newspaper as an open platform. Newspapers such as the Guardian and the New York Times, and news organizations such as BBC and NPR have started to provide API (application programming interface) which allow third-party developers to access and reuse content databases in their own applications. This is something that the content owners can chose to charge for, enabling very interesting business models.
How will news be experienced online?
In the early days of the television, news was presented as if being in a newspaper. The Internet is only in its very early days and companies are exploring new ways to use algorithms analyzing twitter conversations to identify breaking news and combine videos, links, blogs, comments and communities to explore ways to provide deep insights and analysis. I believe the consumers answering these questions have a clear perception of how online news is and will be presented, and as Henry Ford allegedly once said "If I'd asked my customers what they wanted, they'd have said a faster horse."
This is a great report to dive into and contains much more than what I have covered above. For those of you interested to read more download the full report and watch a short video here.
Related posts:
The Freemium Business Model
Subscription-based business models
Related videos:
Eric Schmidt on news, newspapers and real time content
Tim O'Reilly on NYTimes.com as a news and information platform
Tim O'Reilly on Open Publishing
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