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Traditional Media Losing Touch

March 24th, 2008 @ 11:47 am

3 Comments

Categories: General, Strategy

Tags: Network, Media, News, Internet, Advertising & Promotion, Marketing, David Weir

Inside the voluminous State of the News Media, 2008, report, mentioned here recently, is a fascinating sub-section that captures the essence of why Internet news sites are supplanting “old media” platforms from a content perspective.

And, while media execs talk endlessly about the production and distribution advantages enjoyed by online, by and large they assume that newspapers and TV news networks continue to hold the upper hand when it comes to wise content selection.

As one who’s worked for news media on both sides of tech divide for many years, I disagree. Decision-makers inside online news organizations recognize that their audiences are increasingly global in nature and that their news interests are global as well.

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“At least in their top five stories, which is roughly analogous to the number of stories found on a front page of a newspaper … the leading Web sites studied put a premium on international news that far outweighed any other medium,” according to the State of the Media report. “Fully 25% of the top coverage dealt with non-U.S. international stories. This was nearly six times that of cable (4%), three times that of commercial network evening news and the network morning news (8%), nearly twice that of newspapers (13%), and about 60% more than radio news programming (15%).”

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In addition, the report found that another quarter of the online news space was devoted to U.S.-international events, again more than any other platform.

No wonder that nearly 70 percent of Americans surveyed by Zogby recently believe traditional journalism is out of touch, with nearly half turning to the Internet to get their news.

Just under half of the people who responded to the survey said their primary source of news is the Internet, compared to less than one third who said television 11 percent radio and 10 percent newspapers.

 
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  •  
    1

    danogram

    03/25/08 | Report as spam

    Global, National, Local - PERSONAL

    Trends in geographical interests are one thing, but we must not forget the ultimate consumer. Everyone has different combinations of personal interests. The sources of news of virtually every interest already exist. Delivery is the focus of competition now.

    The growing population of Internet users are a different kind of consumer for news and topical interests. Credibility, as always, is still key, but now speed and convenience are dominating competition. Surfers make decisions in milliseconds rather than minutes.

    Give me one site that "does it all" and I'm theirs. When I'm finished scanning headlines (hopfully with mouse over synopsis available) I want to feel that I've enjoyed the whole "newspaper".
    I want local news, I want sports, I want articles for the home, I want the latest gaming news, or perhaps I want news on my hobby. I also want to be kept informed of "hot" news in areas I care about. I want lots of pictures and video too. And, hopefully I can go some one place to get all of this without typing my life's history.

    All of the technology is there, of course. And the I-Pod age is speeding competion to blend and simplify these things. But I want just one big buffet with a simple dash board that responds to me and my peculiar interests (including all of the above), whether at home or mobile.

  •  
    2

    danogram

    03/25/08 | Report as spam

    International, National, Loacal - PERSONAL

    Conventional media loses because of the severe limitations. You can only put so much into a newspaper or broadcast. And conventional media can never be ?real time? in the way of on line news. The Internet obviously expands the convenience and selection in a quantum fashion.

    Seems to me that the focus of competition now is speed and convenience. Give me one site that ?has it all? and has it immediately and I'm theirs.

  •  
    3

    kajira2

    03/25/08 | Report as spam

    RE: Traditional Media Losing Touch

    Thanks for the snippet and for wading through that report. If you haven't seen this feature by Eric Alterman in the New Yorker, it might be of interest to you.

    http://www.newyorker.com/reporting/2008/03/31/080331fa_fact_alterman

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