Wednesday, August 17, 2011

The Future of News Report

Business Insider has a Special Report out on "The Future of News", featuring a number of interviews with leading media figures, and sections on consumer willingness to pay, what brands are likely to continue to succeed, role for social media, etc.
Some of the predictions are pretty standard stuff - news and info will move ever faster, be more portable, and people will have access to more and more sources; but that also means we'll have to be our own editor - judging importance and considering reliability and accuracy. Some are predictions on what changes are coming - the value of curation (editing and assembling news into meaningful stories), better integration of content with new delivery forms (aggregation and presentation of news), further blending of news and commerce, the idea that Facebook could take over as main source for local news.

Top Quotes:
In the future a lot more stories will be uncovered that have been ignored for too long—stories that people actually want to read about but that the media gatekeepers either finds disinteresting or is afraid to report. The power is shifting from the media to the people. (Glenn Beck)
The future of news will consist of a small collection of news networks that the public trusts, based on hybrids of different business models. (Craig Newmark, Craigslist)
I think the fastest growing segment of the news business will be individuals who create a brand around their name and a niche about which people trust them to educate or entertainment them. (Mark Cuban)
(N)ews will appear in multiple guises on multiple platforms, delivered not only by trusted craftsmen and women known as journalists but also by individuals newly enabled by the internet revolution.  (Lionel Barber, editor, Financial Times)

The future of news is social... successful media companies will use social technologies to expand their relationship with the reader, not just port the written word to digital.  (Mike McCue, CEO Flipboard)
The Future of News is video from experts. The age of journalists--and simple "writers"--having exclusive control of the news flow has ended. (Jason McCabe Calacanis, CEO Mahalo, ThisWeekIn)
 Source: "Special Report: The Future of News". Business Insider

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