There’s been a lot of coverage and talk over Walter Isaacson’s article for Time Magazine that was title “How to save your newspaper,” but I found this article on [in plain sight] particularly interesting. This article makes a point that others have made when it says that:
Simply put, newspapers cannot be saved. They are big bloated, convoluted corporate anachronisms that derive their strength and power from an economic model of news information that is in rapid and steep decline. These corporate entities were built and grew powerful in an age when new information was remote, precious, scarce, capital.
That age is over.
Today fresh information is immediate, cheap, abundant, available. News happens and is distributed in real time – worldwide – before lumbering outfits like the New York Times even have a chance to think up a catchy headline.
It is the age of micro-news and rapid dissemination of information and the sooner we get accustomed to tools like Twitter and blogs and the sooner we work at making this authoritative and filled with quality content, then the sooner we will be able to move past outdated models of journalism. All of this though (in my mind at least) will require a global technology revolution where tools Twitter are adopted in various countries so that blogs will cover wide swaths of territory (both literally and metaphorically). I see this as perhaps the best way to ensure that the decline of print journalism will not result in the decline of world news.