
Tuesday, October 27, 2009
Mainstream media is dying. The network evening news audience is in steady decline; the big three magazine publishers, Time Inc., Condé Nast and Hearst have all closed or consolidated titles; and the newspaper industry has been especially ravaged, with dailies folding across the country. Increasingly people get their news from the internet and from cable channels. Advertisers are moving on to Google and other non-traditional sources. Do these developments leave us better off? The democratization of news, in an unfiltered internet to which all bloggers and news aggregators have equal access, is a good thing. It encourages a diversity of voices, competing to provide information and analysis. Others argue that the public loses when traditional journalistic standards are no longer upheld, and where resources to investigate and report critical stories are no longer available. Can mainstream media re-invent itself to thrive in a digital age? Does it matter?

Co-Host of The Takeaway

Executive Editor of Politico

Founder of newser.com

Editor and Publisher of The Nation

Columnist for The New York Times

Reporter for The San Francisco Examiner

Author and correspondent for ABC News.
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Co-Host of The Takeaway
is co-host of The Takeaway, a national morning news program co-produced by WNYC Radio and Public Radio International. During his time at ABC and NBC, he earned four Emmy Awards, three Peabody Awards, an Edward R. Murrow Award, and a Casey Medal.
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Executive Editor of Politico
is executive editor of Politico. In the fall of 2006, VandeHei, along with co-founder John Harris, left the Washington Post to create Politico, now one of the nation’s most influential websites and newspapers.
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Founder of newser.com
is a columnist for Vanity Fair and the founder of news aggregator newser.com. His latest book is The Man Who Owns the News (2008), a biography of Rupert Murdoch.
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Editor and Publisher of The Nation
is editor and publisher of the Nation. She is the editor of several books including, Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover (2009) and co-editor of Taking Back America--And Taking Down The Radical Right (2004).
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Columnist for The New York Times.
writes a column for the Monday Business section of the New York Times that focuses on media issues including print, digital, film, radio and television.
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Reporter for The San Francisco Examiner
began his journalism career in his teens as a film reviewer. He joined the San Francisco Examiner as a reporter in 1980, and beginning in 1983, spent 10 years as a war correspondent where he was a 1986 Pulitzer Prize finalist for his work in the Philippines.
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Interesting. Now here's the part I don't get why, from the advertiser's point of view, would you pay more for print aivtredsing than online? Millions will see it, rather than the tens of thousands who may or may not grab a copy of Politico's print edition. And you can measure their reaction. I understand that now companies can use the web to connect directly to consumers, so they are reluctant to advertise online, but that doesn't explain why they are willing to throw money away on paper ads that are ostensibly worth less, reach fewer people, and have no metrics. What publishers need to do is create a new relationship with advertisers. In exchange for a higher quality, larger, more interactive ad (sponsored posting, interstitial, preroll, prominent banner in an email message, whatever), the publisher should be able to charge a higher CPM. Or so it seems to me. Web aivtredsing isn't just worthless because advertisers don't want to pay for it it's also worthless because websites are doing a horrible job of selling it.
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