business-media   88

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Congratulations, sports media: You just got a big business-model subsidy
"... an awful lot of sports reporting is about to move from entertainment information — stuff you read because you enjoy it — to production information — stuff you read because you think it'll help you make money. Whatever your thoughts on gambling — I tend to come down on the side that it's a giant vacuum sucking money out of the wallets of middle- and working-class Americans, ruining a lot of lives in the process, but hey, that's just me — the opportunity for sports journalism is clear."
media  journalism  sports-media  sports-betting  business-media 
11 days ago by jnchapel
With a bet on a platform strategy, BuzzFeed faces business challenges
"But BuzzFeed must navigate a thorny transition, as it seeks to follow the Silicon Valley credo of upending your business before others do so for you. In less than 10 years, the site has become the fifth-biggest news site based on desktop and mobile traffic, ahead of The New York Times and Fox News, according to SimilarWeb. But traffic to its owned properties, desktop and mobile, is flat, according to comScore. The company has pulled back on its torrid hiring pace. Two people with direct knowledge of the company’s finances said it missed its revenue growth goal last year."
media  journalism  distributed-media  platforms  business-media  buzzfeed 
february 2016 by jnchapel
Drop dead? Not the newly relevant Daily News
"These covers can now reach more people than they ever did on the newsstand. The problem is that readers don’t have to pay to see them. For all of the attention The News’s recent front pages have drawn, it’s unlikely that they — or perhaps anything — can rescue the paper from its precarious financial position. It’s a familiar story. The News’s circulation has been plummeting for years; it sits at about 241,000 on weekdays. It seems far-fetched to imagine that the paper will ever capture enough digital advertising to offset the declining revenue from its shrinking print base."

Related: http://nymag.com/daily/intelligencer/2016/01/how-the-daily-news-became-twitters-tabloid.html
media  journalism  newspapers  new-york  tabloids  business-media 
january 2016 by jnchapel
“Quartz is an API”: The path ahead for the business site that’s reshaping digital news
"... when we say Quartz is an API, we don’t mean publish once and send it everywhere. We mean Quartz can go anywhere our readers are, in whatever form is appropriate."
media  journalism  business-media 
may 2015 by jnchapel
How to build audiences with single-subject news products
"I found that the publications that launched successful single-subject news sites shared three characteristics. They identified a topic by assessing what they were good at covering, what their community was passionate about, or what topics were underserved. They created content to serve their audience as fully as possible on that topic, rather than just 'covering news' in a conventional sense. And they all nurtured the new brand, including a marketing plan that enabled it to grow and expand."
media  journalism  business-media  business-models  single-subject  niches 
may 2015 by jnchapel
When to quit your journalism job
"If you work in any kind of editorial organization, it is your job to understand the business model. If you feel you can’t do that, you should quit. By 'understand the business model,' I mean you can (confidently) answer this question: What is the plan to bring in enough money to sustain the enterprise and permit it to grow? Can’t answer? You have the wrong job."
media  journalism  business-media 
december 2014 by jnchapel
The New York Times KPI’s
"In theory, the Times can get rid of print. Digital revenue far exceeds the cost of running the newsroom, which amounts to $200m a year for 1300 writers and editors. Even if you add $20m for the 200 technical staff needed to run digital operations, and even 30% more for overhead, sales, marketing, and support staff, the result would still be a substantial profit ..."
media  business-media  new-york-times 
may 2014 by jnchapel
The newsonomics of why everyone seems to be starting a news site
"The price of entry is what’s key in this new business. No printing presses or broadcast pipes. At this moment, the world has conspired to make relatively cheap entry — at $25 million or less — quite possible. It’s also possible to project a new credibility for such new products: Digital audiences have become accustomed to taking new brands seriously, seemingly overnight."

Also noted: "I hope news-producing companies can finally master the curation art on their own. That way, curatorial business success will help pay more journalists."
media  journalism  business-media  business-models  start-ups 
january 2014 by jnchapel
Media reporting's blind spot
"But media reporting today is, for better or for worse, inextricable from technology reporting. Tech -- the internet, CMSes, distribution and production -- is not just a factor for media companies, but an overwhelming context." (Context is everything: Publishing, users, workflow, productivity, costs.)
media  journalism  business-media  cms  content  digital-media 
january 2014 by jnchapel
As I was saying about web journalism ... a bubble, or a lasting business?
Follow up to Carr's first column on Klein's move to Vox. "You can’t hit all the digital news players with the same stick because they are not the same thing. Trend stories like mine lead to oversimplification, when, in fact, there are almost as many different approaches to digital news businesses as there are sites.... The taxonomy of news on the Web will probably re-array by the time you get done reading this -- the phrase tl;dr comes to mind -- but inside the bubble, there are the outlines of some new and lasting changes in how news is made, distributed and, in some cases, cashed in on."
media  journalism  digital-media  business-media  start-ups 
january 2014 by jnchapel
Ezra Klein and Vox: Telling stories about digital journalism
"How is digital journalism different? Well, for one thing, Carr says, 'Great digital journalists consume and produce content at the same time, constantly publishing what they are reading and hearing. And by leaving mainstream companies, journalists are often able to get their own hands on the button to publish, which is exciting and gratifying.' What this means, I think, is that digital journalists can read and write almost simultaneously, using news aggregators and Twitter feeds and other tools to sample and recycle what others like them write, quickly and efficiently, while figuring out their own thoughts about it, and putting it all up for the world to see, without the slowing interference of editors and fact checkers. The only thing missing from Carr’s précis of digital journalism is reporting."

Response: http://gigaom.com/2014/01/28/on-ezra-klein-and-project-x-sometimes-its-okay-to-not-know-exactly-what-you-are-doing/
media  journalism  digital-media  business-media  start-ups  vox-klein 
january 2014 by jnchapel
News websites proliferate, stretching thin ad dollars
"People don't appreciate how difficult it is to do interesting journalism that is monetizable and sustainable over time," said Jim VandeHei, the president and CEO of Politico and Capital New York. "We would never build a media product based around [web] traffic and advertising. That is a fool's play in this day and age," Mr. VandeHei said.
media  journalism  digital-media  business-media  advertising 
january 2014 by jnchapel
Ezra Klein announces new venture: Vox is our next
"There's space to tell people both what happened today and what happened that led to today. But the software newsrooms have adopted in the digital age has too often reinforced a workflow built around the old medium. We've made the news faster, more beautiful, and more accessible. But in doing we've carried the constraints of an old technology over to a new one. Today, we are better than ever at telling people what's happening, but not nearly good enough at giving them the crucial contextual information necessary to understand what's happened. We treat the emphasis on the newness of information as an important virtue rather than a painful compromise."
media  journalism  digital-media  business-media  start-ups  vox-klein 
january 2014 by jnchapel
Ezra Klein promises "a completely different product"
"The idea of changing and fixing the problem of how news is presented on the internet has been recognized for a long time. For us, we’re going to try to do it with a mix of technological and workflow approaches. I believe in the ambition of what we’re doing but it’s important to remember we’re not reinventing the wheel here." (From 2010: Does the news media spend too much time on news? http://voices.washingtonpost.com/ezra-klein/2010/06/does_the_news_media_spend_too.html)
media  journalism  digital-media  business-media  start-ups  vox-klein 
january 2014 by jnchapel
Ezra Klein joins Vox as web journalism asserts itself
"Staring into the whirlpool of content plays, it is easy to forget that building a credible news organization that people trust still takes time. Gawker is 12 years old, AllThingsD, which became Re/code, was founded seven years ago, and BuzzFeed has been around since 2006. It may not take $200 million, as it did to create a cable network, or $50 million as a national magazine might require, but creating a digital media company takes years. (And $25 million, give or take.) With the price for web advertising dropping by the second and new competitors coming out of the screen at a very high rate, it would seem like a terrible time to jump in. But what we are witnessing now is not the formation of a bubble, it is the emergence of a lasting commercial market, a game that has winners and losers, yet is hardly zero sum."
media  journalism  digital-media  business-media  start-ups  vox-klein 
january 2014 by jnchapel
Publishers to Ezra Klein: Good luck! You'll need it!
"Klein’s Wonkblog received 4 million monthly pageviews under the Washington Post — hardly enough to build a multi-million dollar digital ad business. Even if Klein were to successfully migrate all 4 million of those monthly pageviews to his new site and run two display ads on each page at a cost of $10 per 1,000 impressions (CPM) — a 'premium' rate according to eMarketer — his site would only be generating $80,000 per month, or just less than $1 million per year. And that scenario assumes Klein sells 100 percent of his inventory, which would be 'unheard of,' said Del."
media  business-media  business-models  web-publishing  advertising  vox-klein 
january 2014 by jnchapel

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