The Future of News

Topic owners: Dharmishta Rood, Jon Fildes

back to syllabus

Summary

The traditional media industry is in turmoil. Circulation of newspapers is falling. Staff are being laid off, costs are being cut and foreign bureaus are being shut. Audiences are fragmenting, advertising spending is plummeting and the valuations of companies is dropping. TV and radio are experiencing similar problems. Some papers are even outsourcing local news reporting to India!

Most of these changes have been blamed on the arrival of the web, which has changed how information is produced and consumed. Now, anyone can be a news gatherer, publisher and distributor. The balance of power has changed.

Yet at the same time, the web offers these organisations a huge opportunity. Already, groups such as spot.us and Pro Publica are experimenting with new business models. Others, such as the Christian Science Monitor, have ditched the old way of doing things and have gone entirely online. Many are using the web to reach out to audiences and connect with them in new ways.

But, are they doing enough? Will experiments like this be enough to save news organisations? Does it matter if they disappear? Should governments intervene to save them in the same way as they have decided to prop up the ailing car manufacturing industry? Is this an appropriate intervention? Should it be left to market forces? What values are at stake beyond what the markets appear to be able to sustain? Ultimately, what is the future for “old media”?

Possible contributors

• Dan Gilmour
• Jeff Jarvis
• Russ Stanton at the LA Times or someone else from a major paper: NYT, Washington Post etc?
• someone from the MIT Center for Future Civic Media?

Possible readings

• Columbia Journalism Review article: Overload!- Journalism’s battle for relevance in an age of too much information
• The AP report (PDF) mentioned in Overload!