paidContent.org - The Economics of Content

Current Story

Old Media’s Options: Co-opt New Media, Take Its Lead—Or Both

By Jimmy Guterman - Mon 04 Dec 2006 06:02 AM PST

Depending on your point of view, there’s nothing as amusing—or terrifying—as an industry that is clueless about what it should do next. At a time when Old Media is hitting a new low of originality—expect new Rambo and Beverly Hills Cop installments over the coming months—they’re now so desperate for new ideas that they are looking for amateurs to deliver them. Yahoo and Reuters are just the latest pair of companies trying to leverage citizen journalists with camera phones and, as Scott Kirsner notes in an op-ed in Sunday’s Mercury News, that’s only the beginning. In “As online viewing booms, amateurs give way to big media,” Kirsner, who runs the CinemaTech blog, surveys the various aggregators looking to be the next YouTube (or, at least, looking to be valued as the next YouTube). He follows how homegrown videocasts gradually are being pushed aside by content developed for these networks by bigger media players. Indeed, what brought YouTube into mainstream consciousness wasn’t a homegrown act like lonelygirl15, but “Lazy Sunday,” produced for the so-middle-of-the-road-it-might-as-well-be-a-highway-divider Saturday Night Live. Web videos are about to become more professional-looking. As Paul Palumbo, research director at AccuStream iMedia, tells Kirsner, “Pretty soon, it’s not going to be good enough to have a video of a guy holding onto a pole in a gale storm.”
That may well be, but it’s not stopping professional news organizations from outfitting their reporters with virtual poles. As a page one piece in today’s Washington Post shows, Gannett’s Fort Myers News Press is following one of the lessons of YouTube and going as hyperlocal as possible. Some of the detail in the story is a bit self-conscious ("The glow of the screen illuminates his face."), but the piece does a good job of laying out how some papers have seen where journalism is going—very, very local—and are giving its reporters the tools to compete. Perhaps the next thing they’ll give each reporter is a YouTube account.

Posted in: Companies, Gannett, Entertainment, Movies, Media, Newspapers


Related Research from Alacrastore.com

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconCeleb Conference - The Economics of Celebrity. July 23 at the Roosevelt Hotel in Hollywood

Featured Report - 2008 Social Media Deals Report

front page of report

The economics of social media continue to heat up, with ever more buzz created in new and growing market categories. This report examines the categories, number and size of investment and acquisitions into social media and the resulting value created from 2007 through 2008. Order your report today to analyze deals made by Yahoo, Disney, Google, AOL, CBS, Hearst, Microsoft and many more.

Learn more or purchase now.

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters