Monday, 4 August 2008

This is an extremely good question

From Media Bistro:

The Future of Newspapers: Is the Snake Eating its Own Tail?
Here's an interesting little dilemma, in a circle of newspaper life sort of way. Where will Google get its news if there is no more news being reported because the rise of Google News has resulted in the shuttering of all the newspapers that gather the news in the first place? Here's the thing, Google gets most of its news from the AP, the AP, according to a spot check survey done by Allan Mutter, gets two thirds of its news from member newspapers, which, as FBNY readers know all too well are a quickly dying breed. Meaning that the AP is going to be hard-pressed to comprehensively gather news as papers continue their steep decline into oblivion.
The solution? Mutter suggests that the AP could hire more reporters (there's plenty of former Tribune and WaPo ones available, we hear) to make up for the lack, but of course that would require money, which no one has. We suspect what will probably happen is that eventually, as newspapers disappear altogether, someone will figure out how to make a profit online and everything will eventually transition. In the meantime, there's always
Mayhill Fowler.

Here's how someone could make a profit online when everything transitions: content will be paid for, by one, maybe three providers - let's say Reuters, NYT and WSJ. They stop giving it out for free, up price of their content for third parties (e.g Google). If you want to be informed, or have content on your site, you are going to have pay someone.

But this scenario is someway down the line. The organisation which keeps the most foreign correspondents will win.

International Herald Tribune
New York Times

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