The Internet is transforming almost every element of the news business: shortening news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs. There is no map, and charting a path ahead will not be easy. We will need to invent, which means we will need to experiment.”
Media analysts were stunned by this announcement. But they were quick to share their thoughts on the end of the Graham family’s reign on this newspaper empire.
I’ve compiled some of the most interesting thoughts here:
Rather than express my thoughts on metered content, which a) won’t change a thing, and b) won’t change a thing when it comes to our newsroom, I plan to take a look the long view. I’ll be watching how meters/paywalls affect the business of news – and how we practise journalism long term.
Because the way we’ve been doing things online – competing for page views so that we can gain revenue from advertisers in a pay-per-click business model – isn’t working.