Tuesday, April 13, 2010

The future of newspapers

Every day we hear about more newspapers going into receivership. Has the businessmodel outlived its' usefulness? Certainly the reporters who research and write for these publications every day aren't any less talented than they were two years ago, five years ago. Should they be compensated less because the papers aren't making money? Of course not. Why should the content providers be penalized because the business model is broken. Starting next year the New York Times will be offering its' content on an online subscription basis. When you become accustomed to certain reporters, features and columns you don't mind paying a small fee for access. The newspaper industry needs more New York Times; papers that refuse to just keep giving it away for free and stand up for the value of their content. Yes, the internet is a wealt of free knowledge. But when it comes to opinion and meaningful content, the columnists and the papers they work for still have a place and deserve compensation.

Google Inc. chief executive Eric Schmidt is confident newspapers will find new ways to make money online by harnessing the vast reach of the Internet.

Though media executives have long accused Google of draining readers and advertising from newspapers online, Schmidt was invited to open the annual conference of the American Society of News Editors. Schmidt told attendees that Google recognizes that newspapers are vital to democracy and provide a critical source of online content.

He predicted the news business will find a new model, based on a combination of advertising and subscription revenue. He said Google hopes to facilitate that, but he offered no specifics.

"We have a business model problem. We don't have a news problem," Schmidt said, adding "We're all in this together."

1 comment:

  1. Many institutions limit access to their online information. Making this information available will be an asset to all.