The future of news
: The Editors Weblog is blogging a worldwide confab of newspaper editors in Turkey (to which I wish I’d managed to finagle an invite). A report on the future of news by Andrew Nachison and Dale Peskin of the American Press Institute, who propose three new models for news:
The first is called the “know-trust network” — a personal community where informal networks are exchanging news, information and conversation. “They are becoming the principle means of learning and discovery,” said Mr. Peskin and they could eclipse traditional media.
The second is referred to a digital everything. “All news and information will need to be virtual, digital and mobile,” he said.
And the third proposition is the power of an individual person. “The individual — not large institutions, will exert unprecedented power,” he said.
Not sure what it all means. I’ll wait for the PowerPoint.
: Meanwhile, Australian media man Brandan Hopkins responded to Warren Buffett’s pessimistic outlook on the newspaper biz:
“Buffett said, ‘the economics of newspapers in the United States are very close to certain to deteriorate over the next 10 to 20 years.’ This would be due to increased competition for advertising dollars from other media. Now, you ignore Warren Buffett at your peril. But I think it is relevant that he singled out United States newspapers, which in general have not kept pace with the product developments being seen elsewhere in the world. US
newspaper houses must innovate to survive.”
: And Dean Wright, editor of MSNBC.com and Jean-Louis Cebri